Thursday, August 17, 2023

Chart: Frasers Logistics & Commercial Trust

 


FLCT

Ignoring the black swan covid crash

5 wave uptrend peaked slightly above Fib 1.618

Subsequent 3 wave correction supported near Fib 0.236

Prices look rather tempting currently

But will probably wait for better margin of safety if market drop near the purple lines 1.07-1.12

As always, gentle reminder to dyodd.