Freestone Resources Inc. (fka FSNR)

[RedShoulder]

'Cup and Handle' is in. Indeed Steady T the fundamentals are coming together, well said and concise, Also note the chart is forming the classic and bullish 'Cup and Handle' formation. With the cup in, and the handle now dipping down below the .22 plateau of the handle top.

DEFINITION of 'Cup and Handle':

"A pattern on bar charts resembling a cup with a handle. The cup is in the shape of a "U" and the handle has a slight downward drift. The right-hand side of the pattern has low trading volume. It can be as short as seven weeks and as long as 65 weeks.

As the stock comes up to test the old highs, the stock will incur selling pressure by the people who bought at or near the old high. This selling pressure will make the stock price trade sideways with a tendency towards a downtrend for four days to four weeks... then it takes off."

FSNR Chart:
http://stockcharts.com/h-sc/ui?s=FSNR&p=D&b=5&g=0&id=p03066962511

Cup and handle defenition:
http://www.investopedia.com/terms/c/cupandhandle.asp

Fundamentals and Chart Technicals coming together, ... I like it.