Quote Originally Posted by xxamr_corpxx View Post
FBU has to fall a long way to break the uptrend line - Phadreus has done a post over on the NZX forum. The resistance in the 1110s-1120s held up nicely today. If that had broken, FBU would have made a scary looking 6 month double top pattern.
A little confused about your statement XX. As I see it the uptrend line on Phaedrus chart will be broken at $11.15 or thereabouts as well as that resistance.

If one uses a linear graph the uptrend line break is around the $10 mark, is this what you are referring to?

Agreed FBU held up nicely today and the market in general closed stronger to be just down, which is positive news for FBU.