Saturday, November 11, 2006

Update on Fronteer - Possible Pullback Play

Fronteer is a play on both gold and uranium. This can be a double edged sword. Both are going up, so that is a bonus, but if one were to falter, that could spell extra churn and volatility (not that it isn't a wild swinger at the moment) for this stock. It's not unlike the game of musical chairs, so honouring your stops is absolutely mandatory if you're going to consider playing it.
FRG is also setting up as a possible Pullback pattern for next week. The possible gap fill is one area of congestion to watch.

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