Another interesting one. Fundamental analyses puts the target for this stock at around 98. So plenty of potential!
So FRO seems to have found support, for now.
Confluence of a horizontal longer term support and the bottom of the weekly cloud (@75.99 currently).
When does FRO become a buy for me?
- Has to break the blue trendline.
- Not break down out of the weekly cloud, so stay above 75.99.
Now looking at the target.
- The highest point of the weekly cloud is 96.50.
- The FA target is 98.
- There is a gap at 100.50.
So somewhere between 96.50 and 100.50 I would say.
So FRO seems to have found support, for now.
Confluence of a horizontal longer term support and the bottom of the weekly cloud (@75.99 currently).
When does FRO become a buy for me?
- Has to break the blue trendline.
- Not break down out of the weekly cloud, so stay above 75.99.
Now looking at the target.
- The highest point of the weekly cloud is 96.50.
- The FA target is 98.
- There is a gap at 100.50.
So somewhere between 96.50 and 100.50 I would say.
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