NYSE:FRO
NYSE:FRO
As you can see on the above chart have a bullish Divergence on the 4-Hour chart is a very strong bully signal I will not be taking a sizeable position due to the extreme amount of volatility in the current stock market I feel this will offer a decent hedge against some of my other.
Technicals :
1. Trading 4.45 in premarket as of writing, up 10.15%
2. Price had been oscillating through a down-channel option, and has broken it in an upswing
3. Currently, price is also respecting its MA's, having significant action after the 50 crossed through the 20
4. Latest candle has broken through diagonal resistance (red trend-line), and has broken...
Phenomenal risk/reward at these levels. Has finally completed an ending diagonal. Commonly in ending diagonals the price overshoots the trendline causing a throw-over due to excessive bearishness or bullishness. Also at long-term support of $5.90.
While the price could potentially fall as low as $5.56, which is its lowest level since the stock has publicly traded...
FRO cycles fairly reliably on monthly and quarterly intervals. Has been on a slow consolidation since 10/2016 and oscillated on monthly intervals since then forming a bullish flag.
About to go up for a small profit with fairly low risk. Currently sitting on a support line. Expect a gap open on earnings and dividend news in mid Feb.
Also a possibility of a...
Market normally goes into backwardation in FFAs after new years and shipping volumes falls when refineries go into maintenance and cut their crude processing demand. This year, in particular, it should fall even more given the cuts being implemented as per media in the last couple of days. A hot tip to follow the fixtures done is to download VLCC Fixtures (iPhone)...
Tempting to go long at the next test of the trendline, but with the resistance zone ahead I would rather wait. Potential for a better long entry once price has left the area of resistance from 70.50-71.50
Well I don't really like to trade low priced stocks due to the ease of manipulation in them (Even if its NYSE listed). So this is a trade based simply on what "penny/OTC" traders know as the quote on quote "pump" . Good volume supports the breakout, so I entered long through options.
The position:
Bought +10 AUG 15 3.5 Calls
The trade:
Exiting at...
www.thestreet.com
www.thestreet.com
Its time to go long once again folks, some signs of accumulation going on here.
You can clearly see how the majority of the sheeps reading into CNBC are buying into their traps.
