Apollo_CB

FRHLF price target and structure

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OTC_DLY:FRHLF   Freehold Royalties Ltd
FRHLF is a stock I have been looking to accumulate to add to my recession core dividend portfolio. The stock carries a strong dividend and offers strong indirect exposure to the oil market. The dividend is safe until about 50$ a barrel for oil which is possible but unlikely. The fib extension provides a potential price target of 16-17$ in the coming months and this wedge makes me more bullish.

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