Aug. 15 at 6:37 PM
$FBGL The down turn on this play must start reversing by Sept 04. Sept 28 is the last day to get above 1 dollar and October 12 is extension date for another 180 days till compliance April 12 ish 2027.
If this cannot reverse by Sept 04 then we probably do head lower.
August 2027 would be the final date to which this stock would need to be moving out of this trend. I find most patterns for whatever reason must start moving out of their channels before the 80% move into the channel or pattern.
The company made great strides in contracts they financed them all up to the end of the year so I expect another financing agreement to push the stock up at some point but there most likely will be another draw down when that happens.
Observe the last climb, was a bunch of deal for cash toxic warrants and that is why it moved up first to capture the liquidity.
When stocks rise fast its almost always future dilution coming in, so sell those moves or take profits on them always.
Use SMAs to add on.
