FRP Holdings FRPH Short SetupFRPH looks to be entering a decent risk/reward zone for a short. The majority of my orders are at the upper line at the top of the red box for better R/R.
FRPH trade ideas
FRPH: Descending TriangleDescending Triangle
Descending Volume
Descending ATR
250RSI below 50
PPS below 200MA
Descending 200MA
If confirmed
PT1 = 37,13
PT2 = 35,72
PT3 = 34,30
PT4 = 31,12
PT5 = 27,23
FRPH: $49.24 Short Target from MomentumFirst off, please don't take anything I say seriously. As always, this is on opinion basis. That being said, let us get into my analysis. Many people have recently gave FRPH buy ratings, but its momentum haven't been too strong to say it still doesn't have steep resistance curves as well. Given where I would put the target based off of past correlations, I think the next target for a short call that is quite bullish, should be around $49.24.
