Post by
InvestForce on Jan 20, 2021 9:36pm
Technical self-fulfilling prophecy? Gotta wonder...
Tell me if you're curious about this too. Whether I look at Fibonacci, trends or anything, it all points to $1.39 as the critical level to break and $1.23-$1.25 as support. I find it incredible that the price often stops at exact critical levels like this and if it is just a self-fulfilling prophecy. What I mean is that investors look at these patterns and act on them automatically and therefore make them come true. Or maybe it's just luck.
Whatever. Today's "bearish meeting line" pattern could be undone if we move to the upside, as I sincerely hope we do. For what it's worth, in case there is some wishful influence to this, the next technical up level to get to is $1.66 so let's fulfill that prophecy next please! LOL
($1.60 happens also to be the level at which one analyst put FLT value at, at least the last time I checked.)
Comment by
brad753 on Jan 20, 2021 11:24pm
Yeah but not with a negative P/E like they have. Company is bleeding money. The market cap won't go to half a billion. If does, it's a pump and dump and all these suckers fell for it.
Comment by
thepharcyde on Jan 21, 2021 8:48am
You see in the press release they referenced a 2020 project with University of Saskatchewan? News to me. Trying to google it and see the University of Saskatchewan has a vaccine in human trials. Coincidence?