OK, I've started with my first chart with one of my first purchases: FRR.
I've not scribbled on it yet, I'm still working my way through John J. Murphy's book "Technical Analysis of the Financial Markets", at the moment I'm kinda thinking out loud...
Support at the moment appears to be around 0.79 and resistance at around 0.81, it's kinda moving sideways for the past week and hasn't done much since the end of november.
Since mid november momentum is up, but the sharp-ish rise was due to a single positive announcement, so I'd take that out of consideration and still stay the stock is moving mostly sideways.
1. Is there much more I can read into this chart?
2. Any guesses as to what (from a T/A perspective) is likely to happen with this stock?
3. I'm not up to wave theory yet, is there anything obvious that can be seen from the chart at this stage?
4. Am I missing anything serious?
Thanks for listening, input and feedback appreciated.