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.
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i meant ofcouse ( Higher lows )
Trade active
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Opening a buy position here
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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
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Am i still holding , thu its very red !
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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
Absolutly agree on this - market awaiting Saudi stems - this should role higher. Reminds me of the 2003 market Sars in Mar/Apr - fundamentals have never looked better and the stock is severly underpricesd. Look up TD3 FFA contracts to watch the hedging market on this for more info on moves.