View Full Version : Fallujah Construction Material (IFCM)

Scott Gonzales
02-12-2013, 12:20 AM
Here is a graph of the price of IFCM for the last two years. This company has consistently shown good volume of shares traded and price action. It looks to me like the Elliott Wave (not labeled) is in a second wave correction. It will be interesting to see if the price goes down to the 200 day EMA to complete the C wave down. If it does, this would probably be a good company to buy at that time. I would not be surprised to see the price bounce off the upper trend line I have drawn, then come down to the average. On the other hand, if IFCM breaks above the resistance line drawn, this may be evidence of strong market action driving all company share prices up.


02-12-2013, 11:19 AM
Thanks Scott welcome back

02-12-2013, 11:19 AM
Thanks Scott welcome back

They must be making a lot of cement. lol

BettingOn Iraq
02-12-2013, 04:44 PM
Thanks, Scott. Very good information. I was think of buying this stock.

02-12-2013, 11:51 PM
Note of Caution, Fullajah may go into account meeting shortly in which case it may offer 1 iqd per share and than drop or it may go into meeting and just drop, also there is a third senario like Seeds AISP that actually is going up after coming out of accounting.

I sure like to see how you see it Scott and any suggestion or recommendation in light of your technicals ?