Waiting for a new buy posLooking 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.
