$FRG Entering #Breakout Mode on #CupandHandle #ChartPattern

NASDAQ:FRG formed a 3 month cup and handle chart pattern testing pattern boundary @ $26.75 multiple times and broke out last Thursday. The stock pulled back on Friday with the market selloff and is now testing the breakout level. This is a breakout pullback entry setup. Chances are stock will head higher to profit target around $34 considering the market doesn't sell off hard next week.

Comment: The big gab down in the market this morning should have kept you away from getting in. The stock showed no signs of buying pretty much all morning long. There is nothing to do here for now. Watch to see if the stock trades back and closes above pattern resistance.

Order cancelled: multiple better set ups taking place. removing from watchlist