FBU – Fletcher Building Limited

fbu-1

FBU – Fletcher Building Limited

Current Price – 9.485    Status – On watch for higher low and buy entry

FBU is still in contraction but showing early signs of a move up. Price washed out 9.25 yesterday with all the negativity but did close at the support level. Today we see a nice reversal candle washing out previous days highs. We are now looking for a push up and higher low to build for a buy entry setup potentially below 9.75 but ideally after a break then pullback of 9.75.