Frontier communications(FTR) nearing important support

Technically Speaking

Price is coming up on the support zone b/w 3-4.

The R/R seems to favor a long position at these levels.

A good target would be the 2015 high print around 8.50.


For me, I always think about risk, not as volatility , but the probability of a permanent loss of capital. You can never know for sure what the probability is but I think most people can come to a conclusion about what is most likely.

Two links to get an idea of the companies troubles:

What to do?

How much of your portfolio are you willing to risk to see if this trade will play out in your favor? 1%, 2%, 5%? Only you can answer that questions.
Comment: For fundamental analysis check out FTR's SA /symbol/FTR#

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