Frontera
Resources Corporation shares (LSE:FRR) have been an unattractive market for several
months. Price has been consolidating since November 2017, and that seems to
just be the beginning.
The ADX
period 14 is at the level 20, showing that the momentum in the market is low.
The DM+ is not clearly above the DM-, which means neither bulls nor bear gain
upper hands at the moment.
The MACD, default
parameters, has its signal lines and histogram slightly above the zero line.
The trend in the market is not strong.
FRR is a
consolidating – trendless – market. The situation can continue for more time;
but eventually, a breakout will occur in the market, and it would lead to a directional
movement.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Trading realities: Trading realities
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