Re: Why do we go up Probably because it never should have dropped as far as it did.
All this TA and charts is pretty much worthless in looking at an exploration stock. Most of the companies in this group have no revenue or sales.
Expenses are not predictable as they totally depend on drill results and the abiliity to raise cash.
These are high risk investments and most end up trading for a few cents or vanish from the listing. There can be winners and FCU is one of them. But a year or so ago, if they did not find PLS your charts would tell us a very different sad story.
Save you charts and TA an use them on the purchaser of FCU as it could be helpful then.
Drill assays soon and they could sell the whole thing any day. Maybe your chart can tell us what day an offer is coming as we best be fully invested in the stock that day. One day late and the cost will be off your chart.
Good investing to all and the keys are
1. Good management team.
2. Abiliity to raise money when needed
3. Good track record for several years
4. No Debt at all.