FBU.AX (ASX)

FBU.AX ASX

Fletcher Building

STAY LONG

2.5700

Prev.Close

2.6000

Change

-0.0300

Change%

-1.15%

BEARISH DESCENDING HAWK

Bought at

2.5700

Open

2.5200

High

2.6100

Low

2.5100

2.5700

0.00%

Signal History

Date	Price	Signal	Change%		AUD100⇨
05/09	2.5700	BUY	0.0%	❌	119
23/08	2.7750	SELL	-7.4%	✔	119
01/08	2.9000	BUY	-4.3%	❌	125
29/07	2.9000	SELL	0.0%	❌	125
08/07	2.6400	BUY	+9.8%	✔	114
25/06	2.6800	SHORT	-1.5%	✔	113
21/06	2.7300	BUY	-1.8%	❌	116
07/06	2.8400	SHORT	-3.9%	✔	112
04/06	2.9400	BUY	-3.4%	❌	116
29/05	2.7800	SHORT	+5.8%	❌	124
20/05	2.7100	BUY	+2.6%	✔	121
24/04	3.5950	SHORT	-24.6%	✔	98
15/04	3.5900	BUY	+0.1%	✔	98
26/03	3.7800	SELL	-5.0%	✔	98
22/03	3.8400	BUY	-1.6%	❌	100

† Trade commissions are taken as 0.20%.

Pattern & Confirmation Chart for the Last 6 Months

Signal Update

Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 05/09/2024, 4 days ago, when the stock price was 2.5700. Since then FBU.AX has remained unchanged.

Market Outlook

The market is not a friend of the bulls anymore. The bearish signs are increasing and the odds for a downside breakout is significantly high. The share price is below the confirmation level of the last bearish pattern, but the signal is still suggesting to STAY LONG. The SHORT signal requires a black body whose close is below the confirmation level and the chance of detecting such a black candlestick is very high. The Delayed Intraday Module is ON. Given the high risk involved, following the price action on an intraday basis is now essential.

Pattern Description

This pattern is a small white body contained by a prior relatively long white body. It resembles the Harami pattern, except that both bodies are white. more...

Date	Price	Signal	Change%		AUD100⇨
05/09	2.5700	BUY	0.0%	❌	163
23/08	2.7750	SELL	-7.4%	✔	163
01/08	2.9000	BUY	-4.3%	❌	171
29/07	2.9000	SELL	0.0%	❌	171
08/07	2.6400	BUY	+9.8%	✔	156
25/06	2.6800	SHORT	-1.5%	✔	155
21/06	2.7300	BUY	-1.8%	❌	158
07/06	2.8400	SHORT	-3.9%	✔	153
04/06	2.9400	BUY	-3.4%	❌	159
29/05	2.7800	SHORT	+5.8%	❌	169
20/05	2.7100	BUY	+2.6%	✔	166
24/04	3.5950	SHORT	-24.6%	✔	134
15/04	3.5900	BUY	+0.1%	✔	134
26/03	3.7800	SELL	-5.0%	✔	134
22/03	3.8400	BUY	-1.6%	❌	137
12/03	3.9200	SELL	-2.0%	✔	137
22/02	3.4900	BUY	+12.3%	✔ 👍	122
29/01	4.3700	SHORT	-20.1%	✔	102
19/01	4.3800	BUY	-0.2%	❌	103
15/01	4.4400	SELL	-1.4%	✔	103
11/01	4.5300	BUY	-2.0%	❌	105
08/01	4.4400	SHORT	+2.0%	❌	108
02/01	4.4500	BUY	-0.2%	❌	108
22/12	4.3800	SELL	+1.6%	❌	109
14/12	4.3800	BUY	0.0%	❌	109
11/12	4.3400	SELL	+0.9%	❌	109
24/11	4.1900	BUY	+3.6%	✔	106
15/11	4.2300	SELL	-0.9%	✔	106
02/11	4.0200	BUY	+5.2%	✔	101
30/10	3.9600	SHORT	+1.5%	❌	103
23/10	4.0900	BUY	-3.2%	❌	106
11/10	4.5320	SELL	-9.8%	✔	107
02/10	4.3700	BUY	+3.7%	✔	103
26/09	4.2700	SHORT	+2.3%	❌	106
20/09	4.2600	BUY	+0.2%	✔	106
11/09	4.2800	SHORT	-0.5%	✔	106
04/09	4.4700	BUY	-4.3%	❌	111
23/08	4.5300	SHORT	-1.3%	✔	110
21/08	4.5600	BUY	-0.7%	❌	111
15/08	5.0700	SELL	-10.1%	✔	112