FXPO, is this a bullish setup or a total minefield?Ferrexpo plcLSE_DLY:FXPOStockso_SimpleThis one keeps flagging on my unusual volume screener and on the surface the price action looks interesting. Tight prices over the last couple of days with huge amounts of volume coming in, and a noticeable increase in volume from left to right on the chart. Under normal circumstances I would view that as a bullish setup. But something didn’t feel right so I did a quick scan of the fundamentals, and I am glad I did. The cash position has fallen from $101m at the end of 2024 to negative $20m today. There are talks of an emergency equity raise with a deadline at the end of the month. Oh, and it operates out of Ukraine. Right in the middle of a war zone. A short here could be fruitful if a delisting follows, but a sudden fundraise could take you to the cleaners just as quickly. This is not a chart setup, it is a minefield in both directions. Tread carefully here, I’ll sit this one out, not, worth the risk in either direction.