Analysis Trendline Breakout: Recently broke above a downward trendline; potential for bullish momentum. Support and Resistance: Watch for support near the trendline and next resistance around 25-26 levels. Recent high volatility. Key Points for Trading: Entry Point: Consider entering on pullbacks to the trendline if volume confirms. Risk Management: Set...
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,...
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.
A few symbols combined. Ready to pop up soon?
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...
I was wondering if anyone care to share an opinion on forecasting this one (Frontline, NOR, tankers) based on the basic info I have highlighted in the chart? I am very much in rookie territory, trying to learn from entering other and more experienced POVs. Any feedback much appreciated. Thanks!