Frontline in the end of correction waveFrontline has made its final correction wave, and an upward momentum may follow from here.
The RSI oversold position indicates a bottom. It quickly rose from around 151 to the 160s. It could provide a good return for the first quarter of 2025.
Purchases can be made at these prices with a stop at 151
Frontline FRO possible Breakout targeting $28Analysis
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 pullbac
frontlineFrontline has been in accumulation for more than a decade. this looks like it is bound to move up for a much bigger move as it continues to respect the monthly uptrend.
the highest i see it go this year is at the untested weekly levels (solid purple lines) at $38-$47.
if it breaks below the test
FRONTLINE PLC Long - Dollar Cost AverageThis is an analysis of Frontline PLC - a Norwegian oil transportation company, the following is strictly my own personal opinion and does not constitute financial advice.
Key numbers:
Dividend yield expected 2024 - 17%
P/B - 2.03
P/E - 5.41
Market cap 47 178 MNOK (4.5 BUSD)
Analyst estimates:
Anal
FRO - cup with handleFrontline (FRO) is one of the world's largest oil tanker operators, boasting a young and modern fleet, with a particular expertise in operating Very Large Crude Carriers (VLCCs). The global oil tanker market is currently facing significant turbulence due to European nations imposing a price ceiling
(FRO) Surges in value As Market Takes a DipIn 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 h
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