FRO looking for entry.
FRO found some strong support on it's long term upward trendline (brown) and fundamentals are strong for this company.
Furthermore started forming an uptrend already (blue lines). However seems to have broken the steepest trendline and retesting it now.
So expecting a retrace at the moment. This will present a good buying opportunity.
There is good support at 70.50-72.00 or we might revisit the trendline (brown).
Arriving at either one of those I'll be monitoring price action closely, looking for signs of support and good entry points.
Furthermore started forming an uptrend already (blue lines). However seems to have broken the steepest trendline and retesting it now.
So expecting a retrace at the moment. This will present a good buying opportunity.
There is good support at 70.50-72.00 or we might revisit the trendline (brown).
Arriving at either one of those I'll be monitoring price action closely, looking for signs of support and good entry points.
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