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FRO 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.
OSL:FRO
by duco1
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.
OSL:FRO
by duco1
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.
OSL:FRO
by duco1
1
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%!
NYSE:FROLong
by UnknownUnicorn4700255
2
$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. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NYSE:FROShort
by KozakHlib
$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.
NYSE:FROLong
by gamer456148
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. PLEASE GIVE US A LIKE IF YOU APPRECIATE OUR CONTENT
NYSE:FROLong
by Bullishcharts
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
NYSE:FROLong
by AndreasRuhlmann
3
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%.
NYSE:FROLong
by ChristopherCarrollSmith
7
Waiting for a new buy posLooking 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.
OSL:FROLong
by SimpleinvestMarttin
1