MARKET UPDATE
$FROG (Jfrog Ltd)
FROG reversed from a daily 2bar downtrend into a daily 2bar uptrend in late June making consistent higher highs and higher lows. Its 50% price point from its february high to early June low comes in at approximately $39.70. Frog is currently trading below this area, it will be crucial for frog to break through this level to signal more strength and continued upside.
Frog hit this level last thrursday before selling off sharply by the end of the day. It appears Frog is now trying to attempt to tackle this level again.
In May we added to our Frog position after a large gap down. Notably even after a large sell off Frog managed to retain its Marco bullish structure and hence why we added to our position at cheaper prices.
Stay Humble
Stay Hungry
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