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Published on 23 Jan 2017
Zak
Mir tells the Proactive Investors Bulletin Board that the Fitbug Holdings PLC (LON:FITB) technicals and fundamentals are “all over the
place”, but he does expect the share price fall to slow shortly.
“The technical look like a heart tracking monitor, in that we’ve had the rebound through the 50- and 200-day moving averages towards 1.1p and now we’re back just down to around a quarter of a penny,” Mir says.
“I suppose if you’re a technical analyst you’ll probably have already had a heart attack but hopefully support will come in at around the 50-day moving average at around 0.21p.
“If we can hold that, I could just about say that [the past week] has been a positive development for the shares.”
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