Upon seeing the shape of this bottom pattern early on and getting excited - yes, I am just geek enough to get excited by these things - and upon doing further research and dubbing FRG a personal non-trader, I have endured the ups and downs, fits and starts that these sometimes torturous rounded or bended bottoms can produce.At the moment we see FRG doing well, not yet over bought and significantly, now residing above the SMA 200 along with the SMA 50. All good when you consider this is as fundamentally sound an exploration company as you are going to find, with classy management to boot (so sayeth Otto). That is a big thing in the world of junior exploration. Confidence is a big thing, and I mean the good kind as in confidence in management, confidence in the quality of assets, confidence in the company's cash management and yeh, confidence in the chart.
Please be aware that I bought in lower as did anyone who became interested in the stock when it was originally presented in NFTRH. I think it has higher to go, with a target of 3.50 in the near term. I may take some profit near that level if given the opportunity, but my personal plan (subject to change at any time) is to hold on to a position in the stock through whatever lay ahead.
