- Breakout after flat for 3 weeks.
- Bought 15 lots @ 95.5 cents
Short term chart shows previous low at 87.5c (cut loss slightly more than 8%):
- bought 5 lots @ $3.25
- healthy retracement, still in uptrend. Support probably 3.20 (MA).
It has retested 3.14 twice since then. This level is also a previous high.
Was a mistake to buy this too soon, before the support became apparent, by retested at least once... or having a clear low..., which we still don't have, so not sure if this is it.
Still, the retracement is healthy:
- low vol
- Did not fall much in the broad-based selloff that lasted the whole of last week.
Accumulation is more apparent on weekly chart.
Fortis is still accumulating, up to 25% by 29th Mar.