Even with two red days in a row, FROZ is trading about as bullish as you could want, IMO.
From my past experience with merger plays, news leaks out one way or the other. I have seen nothing to indicate this merger is going to fail, at the moment. Otherwise, I would have expected the 20dma to have failed by now. They aren't even letting it get close to the 10dma.
The price action this week compared to last week is a night and day difference, IMO. Last week was a serious dip followed by ramping up into Friday. This week was just a ramp up and hold. I think tomorrow is going to be a fun day in FROZ land.
FYI, MDNT just had news released in Georgia. They hired the general contractor to build their $90 million studio. Should be interesting tomorrow. Chart is looking great, IMO.
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