Frontline has been in accumulation for more than a decade. this looks like it is bound to move up for a much bigger move as it continues to respect the monthly uptrend.
the highest i see it go this year is at the untested weekly levels (solid purple lines) at $38-$47.
if it breaks below the tested weekly support, it will most likely test the weekly uptrend. If...
Nice looking continuation head and shoulders pattern on NYSE:FRO
After today's action. Its time to sit out and let things settle in for now. Hard to be jumping back in right away.
This is an analysis of Frontline PLC - a Norwegian oil transportation company, the following is strictly my own personal opinion and does not constitute financial advice.
Key numbers:
Dividend yield expected 2024 - 17%
P/B - 2.03
P/E - 5.41
Market cap 47 178 MNOK (4.5 BUSD)
Analyst estimates:
Analyst estimate average for FRO is 267.5 NOK which is equivalent to a...
Frontline (FRO) is one of the world's largest oil tanker operators, boasting a young and modern fleet, with a particular expertise in operating Very Large Crude Carriers (VLCCs). The global oil tanker market is currently facing significant turbulence due to European nations imposing a price ceiling of $60 per barrel on Russian crude oil, which has led to a limited...
In the latest trading session, Frontline (FRO) closed at $20.39, marking a +0.99% move from the previous day. The stock exceeded the S&P 500, which registered a loss of 0.63% for the day. Meanwhile, the Dow lost 0.51%, and the Nasdaq, a tech-heavy index, lost 0.63%.
Shares of the shipping company have appreciated by 20.83% over the course of the past month,...
BULLISH INDICATOR (Sep 04)
1. Bullish HH and HLs trend is seen and next HL is expected with current price at 17.48.
2. The Heikin Ashi candles are showing a natural pull back in bearish direction but after testing the Fib level 31.8%, price-action is expected to turn in bullish direction.
3. There is a support at Fib level 31.8% @ 17.22, which is...
Om Prisen holder seg på 159 kr på morgenen, kan den klatre videre til 162 kr. Om vi åpner svakt kan den raskt synke ned til 152 kr hvor den kan ligge en stund å lade opp til en ny oppgang.
--Cup base pattern
--Breakout from a handle
--Hold support on the long trend line
--Risk: similar pattern of $EURN, these two stocks had merged. $EURN earning due in two days. Stocks will react. FED meeting tomorrow, but I don't think the FED meeting will have that much impact on these marine shipping stocks like the tech stocks.
--Reward: Marine shipping stock...
RSI oversold, Current price with a too big gap down to EMA20. ER around the corner.
Looking for a pullback to one of the 3 support lines before a new more up.
I am anticipating a trend reversal, and a begining of a new uptrend, as you can see from a weekyly chart, Cap and Handle was formed price broke out to above "handle" trend line.
Starting an new uptrend ?
They are giving us some good long term signals
Over MA 200 ✅
Over MA 50 ✅
Made bullish cross ( long term ) ✅
Formed an C/H aswell ✅
Made 1-2-3 ( higher highs ) ✅
lets see if it wanna continue, next stop is to get over the resistance line and then there should be an free run up minimum 20 %
We will see, im long and heavy invested in...
Contextual immersion trading strategy idea.
Frontline Ltd., a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $6,77;
stop-loss —...
