Price heads lower as buyers dwindle so entry alert is cancelled

FBR Buy entry alert cancelled as price hits 0.17

 


Original Alert 25/718

New Buy Entry Alert FBR

 

Time Frame : Daily/Weekly

Sector : Capital Goods

Key Stats : $191 Million Market Cap, VWAP 0.185, ASX Ranking 576, 4 Week Av Turnover $333,607.

Company Overview : Fastbrick Robotics Ltd (FBR, formerly DMY Capital Limited) has developed mobile robotic technology that will improve the speed, accuracy and safety of the global brick construction industry. FBR aims to commercialise the globally patented technology of the Hadrian Robotic brick and block laying machine and system.

 

FBR – Fastbrick Robotics Limited

FBR is dragging in buyers to support higher levels and putting upward pressure on sellers. We are now happy to buy at 0.205 and will hold the stop loss level at 0.17. If price heads lower through 0.17 prior to entry then we will re-assess the alert.

 

Stock Code : FBR – Fastbrick Robotics Limited

Company Website : www.fbr.com.au

Current Price : 0.185

New Buy Entry (Trigger Level) : 0.205

Potential Sell Exit Zone (Stop Loss) : 0.17

Status : On watch for a buy entry trigger