FBU.AX ASX
Fletcher Building
BUY
Close
2.7600
Prev.Close
2.7000
Change
+0.0600
Change%
+2.22%
BULLISH MEETING LINE
Bought at
2.7200
Open
2.7100
High
2.7800
Low
2.7100
Close
2.7600
Gain%
+1.47%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Signal Update
Today's recommendation from our system is to BUY. The BULLISH MEETING LINE pattern has finally received confirmation because the prices crossed above the confirmation level at 2.6700, and our valid average buying price now stands at 2.7200. The previous SHORT signal was issued on 16/06/2025, 15 days ago, when the stock price was 2.9600. Since then, FBU.AX has fallen by -8.11%.
Market Outlook
We may be at a market bottom or at the beginning of a reaction rally. The bulls have compelling evidence supporting their stance, prompting us to consider placing a bullish bet. Today’s candlestick has a white body and its close is above the confirmation level. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. Now may be the opportune moment to join this upswing and capitalize on the bullish market sentiment. The market signals a potential for new profits. Don't let this opportunity slip through your fingers.
Pattern Description
This pattern emerges during a downtrend. The first day’s black candlestick is succeeded by a white candlestick that opens significantly lower but closes at the same level as the previous session’s close. This pattern is akin to the Piercing Line pattern. However, the rebound on the second day differs. The Piercing Line’s second day closes above the midpoint of the first day’s body, whereas the Bullish Meeting Line’s second day closes at the same level as the first day. As a result, the Piercing Line is considered a more notable bottom reversal. Nonetheless, the Bullish Meeting Line also warrants due consideration. more...
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