FROO trade ideas
FRO looking for entry.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 70.50-72.00 or we might revisit the trendline (brown).
Arriving at either one of those I'll be monitoring price action closely, looking for signs of support and good entry points.
FRO looking for buying opportunitySO 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 build a good support and hold the trendline before breaking this resistance at around NOK 72,- AND get into the daily cloud.
If this happens then I would consider that a good buying opportunity.
I dont know about this one....but I rather be in and wrong, than out and wrong. How about a starter pack and take it from there...
I dont know about this one.....but I much rather be in and wrong, than out and wrong. How about a starter pack and take it from there...
Frontline finding support? Potential target of 100.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 weekly cloud, so stay above 75.99.
Now looking at the target.
- The highest point of the weekly cloud is 96.50.
- The FA target is 98.
- There is a gap at 100.50.
So somewhere between 96.50 and 100.50 I would say.
FRO just broke wedge it is a GIANT BUYThis 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.
SELL FRONTLINE That Will Go DownHey traders, sale on FRONTLINE is going to try to go up, but without force it risks to fall down strongly. take your profit!
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Solid fundamentals for Frontline after being oversoldMany 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 have some encouraging data regarding the demand for tankers:
www.seatrade-maritime.com
All of this explains the big surge in volatility and volume these last months, and ups and down that were about 40%!
Growth Before EarningsEntry 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%
Morning StarNot 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
$FRO can fall in the next daysContextual 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 the next days.
So I opened a short position from $8,11;
stop-loss — $8,40.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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FRO LONGFRO 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
$FRO About to hit the Bullish WaveFirst 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 to a bullish run. I think overall a long call potential can be there despite many of the sell ratings saying otherwise. You have to keep in mind the current resistance top is likely to drop as this is related to a problem its current market segmentation is facing.
FRO - Frontline LTD almost BullishJust a little bit lower for me to buy. I'm already in, because this is a once in a lifetime tanker opportunity. Bullish on all tanker stock!
Frontline shipping MAKING BIG $$$$Company continues to benefit from the oversupply of oil , rather than shippers the are now storage facilities
Frontline 2012 Ltd. is a commodity shipping company, which engages in the ownership and operation of tankers. It serves crude oil, petroleum product, drybulk, and liquefied petroleum gas markets. The company was founded on December 12, 2011 and is headquartered in Hamilton, Bermuda.
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Buy Oil Tankers as they benefit from the oil glutOil traders buy oil spot and sell it forward to take advantage of unsually large contango on the futures curve. 6 month forward on brent and wti sells at a premium exceeding 10$ a barrel.
Shortage of land storage pushes oil traders to store oil on water using ships. There are only about 800 VLCS (Very Large Container Ships) and the daily rental price has sky-rocketed.. Tankers now rent for 200k to 300k a day vs 25k/day last year.
Tankers like Frontline, Euronav, or DHT will make unprecedented profit for as long as the contango stays... Social distancing will continue well after Q1, keeping oil demand low, and contango high. www.bloomberg.com
Al tankers fell sharply on the news Opec would cut production which narrowed the contango slightly, but the latter has since then widened even more than before the news, which should support the tankers again,
8$ is a strong support on Frontlien where high volume exchanged. Buy at current levels around $8.8 with stop below $8, target the highs at $13. risk/reward 4:1
Frontline may be able to sustain its 20% dividendI've just learned that oil tanker booking fees are near record highs as oil producers scramble to ship their excess product to available storage locations, which are filling up fast. This suggests that the share price reduction in tanker companies like Frontline may be unwarranted, and they may be able to sustain their dividends in a market in which many dividends are being cut. Frontline's dividend yield is currently over 21%.
Insane value play on Frontline, tankers are like gold atmIm long out 2020/2021, expecting rates for VLCC, Suezmax and aframax to continue to be way above previously forcasted levels.
Expecting raping growth while the marked stabilze and we got really high dividends with close to 20% yield at these prices...
