As you can see on the above chart have a bullish Divergence on the 4-Hour chart is a very strong bully signal I will not be taking a sizeable position due to the extreme amount of volatility in the current stock market I feel this will offer a decent hedge against some of my other.
Phenomenal risk/reward at these levels. Has finally completed an ending diagonal. Commonly in ending diagonals the price overshoots the trendline causing a throw-over due to excessive bearishness or bullishness. Also at long-term support of $5.90.
While the price could potentially fall as low as $5.56, which is its lowest level since the stock has publicly traded...
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...
Well I don't really like to trade low priced stocks due to the ease of manipulation in them (Even if its NYSE listed). So this is a trade based simply on what "penny/OTC" traders know as the quote on quote "pump" . Good volume supports the breakout, so I entered long through options.
Bought +10 AUG 15 3.5 Calls
Exiting at a loss if...