ATM Stock Research - Re Initiates BUY on FBU
ATM Stock Research
FBU Tech analysis Summary –
Around 23rd of May as the emotional selloff was at its peak FBU stocks were sold off heavily and touched the lows of $3.05. The aftermath recovery was short-lived, the stock retraced back from the highs of $4.24 to now @ $3.17. As the gradual ramp up in construction activity unfolds during level 2 and will speed up eventually in Level 1, we see a high-risk investment opportunity for our clients. ATM Stock Research re initiates high risk BUY on FBU @ $3.17 for all its readers. The Chart shows that the stock is oversold at the current levels and another recovery is due and as the stocks will move up towards its first resistance @ $3.40. Once this resistance is broken the Medium-Term resistance we see is @ $3.70. As most of the negativity is already priced in the Stock, we recommend a high risk BUY.
atmstrategy.co.nz/member/NZPortfolio
FBU Tech analysis Summary –
Around 23rd of May as the emotional selloff was at its peak FBU stocks were sold off heavily and touched the lows of $3.05. The aftermath recovery was short-lived, the stock retraced back from the highs of $4.24 to now @ $3.17. As the gradual ramp up in construction activity unfolds during level 2 and will speed up eventually in Level 1, we see a high-risk investment opportunity for our clients. ATM Stock Research re initiates high risk BUY on FBU @ $3.17 for all its readers. The Chart shows that the stock is oversold at the current levels and another recovery is due and as the stocks will move up towards its first resistance @ $3.40. Once this resistance is broken the Medium-Term resistance we see is @ $3.70. As most of the negativity is already priced in the Stock, we recommend a high risk BUY.
atmstrategy.co.nz/member/NZPortfolio
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