GREY:BLITF - Post by User
Post by
lr8970on Jun 01, 2015 2:29pm
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Post# 23785518
Bull Market Run update on FMR today - technical breakout
Bull Market Run update on FMR today - technical breakoutFMR technical breakout
An important technical development in this 2+ year weekly chart for Fairmont Resources (FMR, TSX-V) – a breakout above a downsloping channel in place since late last year, as well as Fib. resistance at 14 cents…fundamentally, the company is well-positioned to begin unlocking the value of its high-grade industrial mineral properties in Quebec, led by the Buttercup which is fully permitted for production…
Increasing momentum is very evident here with RSI(14) pushing through resistance at 50%, in addition to the move above the downsloping channel…