Lets finish 2013 off with a beautiful chart play: FRFS
FRFS chart has potential written all over it, coupled with an attractive
float of only 60 mil shares, this could be the best play to end the year on.
RSI – Consolidating under the break out line, showing potential for an uptrend is very possible, as this chart is not even close to be over bought.
P-rice – Has been trending at .0015 for weeks, established solid support at this line and could be the launch-pad for a multi day uptrend. IMO
MACD – Trending back up from bottom levels gradually, still far below the zero line, which is the break out point. IMO
Acc/Dist – Sitting at absolute bottom, this tells us one major point, this chart could have plenty of up trend up its sleeve.
FRFS resistance levels are mostly sitting together around .0021 to .0023, if these three levels are broken, which judging by its past moves has been done on very light volume, the next stop on this chart is almost 300pct away from current levels.
But will that top point really be a solid resistance? or just a small speed bump for FRFS express lane highway?
Only one way to find out.