Stock Hideout

**************************************************************************
This thread is closed since I want to preserve it for Technical Analysis. If you want to discuss this stock with me, take it to the "Back Bacon and a 2-4 Lounge". If you wish to post information about new developments about the company then post it in the regular Hideout areas, please

The charts in this thread automatically update so you will always see current charting info on the stock. I may update this with comments as I think appropriate
**************************************************************************

Yes, I can see why you like this stock. It is nice to see a stock that appears to be turning around for a change. I checked there are no pinchers so I will show my normal chart

FRPT - SharpCharts from StockCharts.com

In this chart it looks like the Bollinger bands are expanding and the stock has taken off...but we cannot see the lower band here. In The Bigcharts.com chart for the same time period you can see the lower band is flat.



So I am not sure that we are seeing a breakout yet.....the bands could return to getting tighter. However I do like the position of the share price versus the upper band. I also like the fact that the share price has crossed the 50dayMA....always a good thing...the TRIX and Accum/DIst showing strong and positive and the RSI is nice with it oscillating between 60% and 50%.....very nice sharpchart indeed

Here is the P&F chart



This is an interesting chart. I put the resistance a little lower than your $3.25 suggestion.

I see resistance at $3.00 then again at $3.10...almost continuous resistance between these two values which to my mind make it a pretty strong resistance. I don't see any resistance at all around $3.25...in fact if it makes it past $3.10 the next resistance I see is at $3.60-3.70...then $4.40

Then again I see where you are coming from...$3.25 is roughly where the 200dayMA is currently at....hhhhhmmmm perhaps because it does not appear in the P&F chart, it means we will meet the 200dayMA when it drops to the $3.10-3.00 level in the days ahead.

I think $3.00-3.10 is the key point to pass....then it should be a nice run. Support is at $2.50 then $2.40 and should be pretty strong as it corresponds roughly to the 50dayMA

On the short term here is the 5 day Bigchart linechart



You can clearly see that $3.00-3.100 resistance in this chart, can't you?

It may challenge the resistance again tomorrow but it does look like it will go down before that.

Nice chart....especially for these troubled times. It could go sideways for a while and I see it challenging resistance and support for a while in the near future....but if it passes $3.10...it will take off.

__________________
I am not a stockbroker. I retired four years ago and learned charting. The opinions expressed in my posts are my own. Do your own DD and accept or reject my comments as you please.