Looking 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.
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.
Note
i meant ofcouse ( Higher lows )Trade active
Opening a buy position hereNote
This might go past my "Support Area" as long as the oil are stuggeling so are the TANKS
3 options
1: hold ( im holding )
2: sell
3: buy up
Note
Am i still holding , thu its very red !Note
This aint looking good atm. Now we have a OIL war - dont know how this will turn out
but im ready to close it deep red if oil is gonna have a big impact
im following it closely
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.