I know Chartist likes the 40 day MA indicator, and it looks like FSM has crossed above it. The moving average orientation looks bad for the stock since the August 2016 high. Shorter term indicators are positive with RSI sloping up at mid point and BB's pinched with the upper band up sloping slightly. STO's and MACD are also looking ok. Since the stock has not participated in the 2017 rally, it may be in position for a solid rebound.
Been reading up on FSM as a potential buy but have some doubts now.With elections in Argentina coming soon there is a possibility of another candidate coming to power, Alberto Fernandez who hasbeen openly against foreign capital (mainly oil).As Fortuna's Lindero mine is in Argentina ownership and if Fernandez comes to power, there is a potential trouble of FSMloosing rights to Lindero mine. That could deffo affect the price to the downside (if it happens at all) so I am thinking on waiting for the results of the electionsbefore making a decision.I'm not the expert, just sharing my research (if few hours of browsing can be called that). Would love to hear any comments or opinions on this matter.