Not financial advice: FRO is in a broadening opening wedge with a possible bottom at the drawn trend line. We see that in the previous lows there is 2 bottom touches or double bottoms in the RSI and price, as it is occurring now. It appears that if this holds, there is a possible reversal. GLTA
I am also bullish on FRO! Take a look at my profile and view my long-term analysis on it.
Now is the time to load up, possible dividend announcement in June I believe, throughout their dividend history - basically every time they've had a dividend in march, they've also had one in june... Their earnings should be great given the increased rates due to supply/demand with the oil problem going on, the last dividend was 40 cents while the average price per share was similar to now - around $8 - making a 5% dividend payment.
mycoinmoon
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I agree on your daily as you may be able to see with the red lines on my higher time frame. But short term in the blue, is a nice little wedge.
Now is the time to load up, possible dividend announcement in June I believe, throughout their dividend history - basically every time they've had a dividend in march, they've also had one in june... Their earnings should be great given the increased rates due to supply/demand with the oil problem going on, the last dividend was 40 cents while the average price per share was similar to now - around $8 - making a 5% dividend payment.