LeLaf

FRG: Bullish flag (29%) Ascending Triangle (84%)

Long
NASDAQ:FRG   Franchise Group, Inc
FRG is currently building into a bullish flag on the daily with possible price target of 59.89$. It is not confirmed yet.

The weekly chart has built into an ascending triangle with a possible gain of up to 84% and a price target of 73.77$. A bit higher than the daily target.

FRG is part of the Consumer Discretionary sector. This sector has reached the price target (1700$) of it's fully filled ascending triangle . This new price target could act as the new resistance and reverse the trend. This may push the price action down on FRG and limit gains.

If the 1700$ resistance is broken on the sector chart, this could resume the uptrend and help fill the daily price target.

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