Standard disclaimers:
DISCLAIMER: This is merely speculative discussion. I'm not a certified or licensed financial advisor, securities trader, or securities broker; and, this is not intended as financial or securities advice.
DISCLOSURE: I own long shares of
FRC.
At $12.85/share FRC is trading around 10% of it's 1 month high price of $123.46, and down to just under 5.8% from it's 2021 high prices of $221.80. Can its leadership turn the ship around quickly enough by fixing its long-term, short-term, and reserves mix?
Looking at Willy, VWAP, volume, and price charts, it looks like FRC is repeating a pattern of around 2.5 days of falling 3-4 dead cat bounces down to $11.50-$11.80, then a rebound in the neighborhood of $15.50-$17.00.
For this week, looking for low between $10.50 - $11.80. That, followed by a very short rebound between 40% - 55% of is then low price per share from $14.70 - $18.29, more narrowly within the same neighborhood as the previous two rebounds of $15.50-$17.00.
DISCLAIMER: This is merely speculative discussion. I'm not a certified or licensed financial advisor, securities trader, or securities broker; and, this is not intended as financial or securities advice.
DISCLOSURE: I own long shares of
FRC.At $12.85/share FRC is trading around 10% of it's 1 month high price of $123.46, and down to just under 5.8% from it's 2021 high prices of $221.80. Can its leadership turn the ship around quickly enough by fixing its long-term, short-term, and reserves mix?
Looking at Willy, VWAP, volume, and price charts, it looks like FRC is repeating a pattern of around 2.5 days of falling 3-4 dead cat bounces down to $11.50-$11.80, then a rebound in the neighborhood of $15.50-$17.00.
For this week, looking for low between $10.50 - $11.80. That, followed by a very short rebound between 40% - 55% of is then low price per share from $14.70 - $18.29, more narrowly within the same neighborhood as the previous two rebounds of $15.50-$17.00.
Trade fermée: cible de profit atteinte
Opened at $14.16. Closed at $14.27.Made a small profit, but missed the $14.93 by a long shot -- I was at the gym.
Still, it was take profits vs take loss
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.