Friday, April 20, 2018

Frontera Resources Corporation – an unattractive market

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

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