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FastJet at 2.875p: Risk Of Journey Towards 2.5p Before Lasting Turnaround Is Seen

By The Closet Chartist | Friday 15 November 2013


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


As far as shares of FastJet (FJET) have been concerned in the recent past there have been no prizes for being brave or jumping the gun on potential recovery. It can be seen on the daily chart that the recent history of the situation is merely be that of the law of diminishing returns applying to those traders attempting to seek out a lasting floor.



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