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rossgivens
Jul 5, 2023 7:21 PM

Breakout Trade in FROG Long

JFrog Ltd.NASDAQ

Description

JFrog is a supply chain software company out of California.

This mid-cap stock formed a base over the last twelve months and is now trying to break out on above average volume.

The run up from $17 to $28 took place on good volume, so this looks like accumulation on the institutional side.

I think this is buyable here. A couple weeks of tight price action near the $28 level to absorb overhead supply would make this trade even more appealing.
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