Replies to post #1198 on Mostly: Classical

[jrhana]

Can anybody here give me a technical read on FNX

I have been keeping an eye on it for some time

It may be basing and preparing to take off say when production gets going

http://www.fnxmining.com/docs/index.php


http://www.stockhouse.com/comp_info.asp?symbol=FNX&table=list

I also like the AMEX listing; for me that makes it marginable

[kirby49]

Chris:

Thanks, saw that. Good analysis by Michael as usual. Glad he thinks it's accumulation and not distribution. Chart pattern that forms is a descending triangle in an uptrend which should breakout to the upside. Nice volume which precedes price. There are days though lately when I wish I had bought DY instead, but wanted the margin.



Regards

Bob