TheChasm
Long

FRO in Ascending Triangle

BATS:FRO   FRONTLINE LTD
44 1 0
FRO is making another run to test 5.17 in this ascending triangle formation. There is some bullish convergence on RSI and MFI with higher lows, but lower highs have created symmetrical triangles. There is still room for price to grow before it hits resistance which could allow RSI and MFI to break the top trend lines and make a higher high, giving momemtum towards a price breakout.
Fail breakout
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