FRO cycles fairly reliably on monthly and quarterly intervals. Has been on a slow consolidation since 10/2016 and oscillated on monthly intervals since then forming a bullish flag.
About to go up for a small profit with fairly low risk. Currently sitting on a support line. Expect a gap open on earnings and dividend news in mid Feb.
Also a possibility of a strong breakout past breakout $7.50. Will reevaluate position as it approaches the TP.
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Seems to be working out. Currently sitting at 7.30. Expect to hit target by end of next week.