SimpleinvestMarttin

Waiting for a new buy pos

Long
OSL:FRO   FRONTLINE PLC
Looking for a new buy position.

In Marts 2018 Frontline hit an all time low and after that a new uptrend have started.
Atm its on its way down after a 101 % gain in the last 4 month ( Sep okt nov dec )
the normal drop with Frontline since the uptrend , is 70-110 % gain following a drop of 25-40 % and as of today it have dropped +/- 27 %
so im thinking it gonna drop some more and maybe even alittel more then it use to becouse as you all know we have a virus fra china going on and that have a impact on almost all stocks, so we have to keep that in mind aswell befor making a buy or thinking omg its down 42 insted of the normal MAX 40 %

as you see , the RSI and the MACD is not bullish but bearish ( so its NOT a buy atm )
as you also can see, we have higher highs and lower lows and its holing that patterns pretty nicely!

As of now , im only making this cart to keep up with my already investet stock in Frontline and gonna jump in again when i see a turning point.

Fell free to comment - we all are here with diff idears and mind set

Disclaimer : i have this stock and im long and waiting for a new buy position.
Comment:
i meant ofcouse ( Higher lows )
Trade active:
Opening a buy position here
Comment:
This might go past my "Support Area"
as long as the oil are stuggeling so are the TANKS
3 options

1: hold ( im holding )
2: sell
3: buy up
Comment:
Am i still holding , thu its very red !
Comment:
This aint looking good atm.
Now we have a OIL war - dont know how this will turn out
but im ready to close it deep red if oil is gonna have a big impact
im following it closely

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