Frasers Group PLC
做多

FRAS: bull flag pattern?

91
It seems like a bull flag pattern is busy developing.
A price action above 870 supports a bullish trend direction. Further confirmation above 890.
Crossing below this level will negate the bullish trend and acts as a stop-loss.
Increase exposure from a break above the 910 resistance.
Decrease exposure for a break below the 880 support.
Target is set at 950.
Remains a risky trade as the price action is already in overbought territory.

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