RE: RE: Global Sell-offWell the 3 cent level was key. Good support this week with 3.4 million shares being traded. Stockmarkets are still jittery and are looking for direction. A lot of world news to keep traders guessing.
From a chart analysis point of view: On the weekly Ichimoku chart there was a negative crossover of the blue/red line. On the positve side, the 50 week moving average is close to crossing the 200 week moving average...the "golden cross".
Without any news releases I'm grasping for positives. On the chart below, both daily indicators showed an uptrend this week despite the stock for the most part trading level at 3 cents. This can be interpreted as being positive (stock being accumulated).
Normally both indicators should be level, as these mirror the price. I don't want to draw conclusions from just 5 days of trading, but the divergences do exist for whatever reason.
https://stockcharts.com/h-sc/ui?s=FUT.V&p=D&b=5&g=0&id=p42506265350