Frontline PlcLong
FRO LONG
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 the MACD 1 hr.
A lot of bullish sentiment here and like my entry below 7.50
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 the MACD 1 hr.
A lot of bullish sentiment here and like my entry below 7.50
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