FNV Franco Nevada, update

The usual then –Oct 6, 2012 – and now charts;

fnv oct 2012FNV aug 18 2013

Then we expected it to fall immediately roughly from $60 to $36 (a 4th wave!). It did and then some. We unfortunately did not follow up on this stock but obviously it was a buy again at $32  after 5 waves down. It has now done an a-b-c clear counter trend bounce covering 6 out of 11 blocks so it is above 50% but below 62%. A sell again on balance.