lowtrade

[lowtrade]

BR549
FRPT

http://stockcharts.com/h-sc/ui?s=FRPT&p=D&yr=0&mn=3&dy=0&id=p90633317065

This one is at a turning point. Just filled the late FEB gap, with DMI entry confirmation happening right now!

The question and possible problem with this is it gapped up to fill that gap down and the PPs has not broken 21 resistance with volume support today.

If it fills small gap below and then moves up to break 21 resistance, all looks safe for a good steady swing profit. But if the PPs keeps playing with gap fills & no resistance is broken. The volume support could leave with the expectation of a continued climb.

You REALLY want to see 1st resistance at 21 passed and a strong volume challenge on the second resistance at 23. Then your home free. IMO