FRO found some strong support on it's long term upward trendline (brown) and fundamentals are strong for this company. Furthermore started forming an uptrend already (blue lines). However seems to have broken the steepest trendline and retesting it now. So expecting a retrace at the moment. This will present a good buying opportunity. There is good support at...
SO FRO is another one that arrived at strong support and that has several hopeful signs. - Fundamentals give a value of NOK 98,- as a target. - Recent downward trendline has been broken. - Bounce on a long term upward trendline. - Gap at 100.50 that needs to be filled. However, for now FRO got rejected at a pretty strong resistance. So basically I want FRO to...
..but I rather be in and wrong, than out and wrong. How about a starter pack and take it from there...
..but I much rather be in and wrong, than out and wrong. How about a starter pack and take it from there...
Close yo an other resistance line!! This will go up or down.
Another interesting one. Fundamental analyses puts the target for this stock at around 98. So plenty of potential! So FRO seems to have found support, for now. Confluence of a horizontal longer term support and the bottom of the weekly cloud (@75.99 currently). When does FRO become a buy for me? - Has to break the blue trendline. - Not break down out of the...
This thing was beaten down for the options market and is a can about to explode. PE is less than 10 and after earning could be near 5-7 a this current price. The manipulation is extreme and should break out in the near future. A giant buy in my opinion.
Hey traders, sale on FRONTLINE is going to try to go up, but without force it risks to fall down strongly. take your profit! Please LIKE & FOLLOW, thank you!
Many people thought that the tankers business would suffer, but it's the opposite that happened, because tankers not only deliver oil relatively to a global oil demand (that suffered for sure), but they also STORE. And this is not free. Companies like Frontline were payed to store the global surplus: www.seatrade-maritime.com www.cnbc.com On the other side, we...
Entry Price - 7.7 Take Profit1 - 7.85 +1.95% Take Profit2 - 7.95 +3.25% Take Profit3 - 8.02 +4.16% Stop Loss - 14.1 -1.56%
Not financial advice: FRO is in a broadening opening wedge with a possible bottom at the drawn trend line. We see that in the previous lows there is 2 bottom touches or double bottoms in the RSI and price, as it is occurring now. It appears that if this holds, there is a possible reversal. GLTA
Contextual immersion trading strategy idea. Frontline Ltd., a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. The oil price is growing. The demand for tankers for oil storage fell. 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...
FRO seems to be oversold right now after moving down almost 40% from $12 on April 27. I liked the way it held the big psych level at 7.50 and is currently breaking out of the downtrend. Stop loss will be below 7.50. First target is to fill the gap towards the 9.10 Second target to fill the next gap around the golden pocket around 10.30-45 Also crossed on...
First off, please don't take anything I say seriously or as financial advice. As always this is on opinion basis. That being said, Frontline as an oil tanker transportation company was bearish recently given a decrease in the demand. The demand curve went down given the time period we are in, which means I am positive for a short threshold crossing that can lead...