FJ Benjamin looking good

Evening traders/investors,

This is FJ Benjamin, F10.SI – a leading fashion and lifestyle group.

The overall picture of FJ Benjamin’s chart looks good, with price making higher highs in general. A few months back, FJ Benjamin broke out of its pre-crash level of 39 cents. It has tested the level once, and failed to stay below; now price is at the 42 cents region. I have identified an upward parallel channel, dating from the beginning of 2010 till present. I like the upward parallel channel that is showing the good uptrend that FJ Benjamin is in. Also, staying above 39 cents is another bullish sign on FJ’s chart. I would look to see FJ Benjamin continue up slowly in the weeks ahead.

Indicators I read as short-term indications tell me that FJ should slide down this week, agreeing with what we see on the price chart – room for downside.

All analyses, recommendations, discussions and other information herein are published for general information. Readers should not rely solely on the information published on this blog and should seek independent financial advice prior to making any investment decision. The publisher accepts no liability for any loss whatsoever arising from any use of the information published herein.

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