What is Happening to the Share Price of Future Fibre Technologies Ltd?

Future Fibre

What does Future Fibres Technologies Ltd do?

Future Fibre Technologies [ASX:FFT], make fibre optic detection systems to protect against fenced or walled intrusions into highly sensitive areas. Their technology is also used to detect interference with buried pipelines and communication cabling.

This company is all about defence. With the threat of terrorist activities and growing security concerns both in the physical world and online, one might expect continued demand for this product.

The protection of utilities such as power stations, oil and gas plants, military and government installations, airports and other critical transport hubs as well as cyber security through the protection of the physical cables is incredibly important.

That’s interesting, but what is the chart telling you?

What does the chart look like?

I personally find it helpful to bring up a chart. Here’s the daily chart of FFT:

Future Fibre

Source: STEX

As you can see, this company just listed in May. What’s curious is the last significant announcement was 11 June, near the low. That’s telling you something. The chart is suggesting positive news to come, perhaps news of growing revenues or a significant new contract.

What now for FFT shares?

The stock was further up in today’s trading making a high of $1.10 at the time of writing. You could be expecting news. It’s perhaps a bit late now — though you could see if it formed a higher bottom.

The chart already told you where to apply some risk management. If you are unsure on this, then you need to learn how to use the charts to inform your buy and sell decisions. Go here to find out more.

Everyday another plane leaves the airport it seems.
Terence Duffy,
Research Analyst, Cycles, Trends and Forecasts

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