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FRO

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 pullbacks to the trendline if volume confirms. Risk Management: Set tight stop-losses below the trendline. Target: Aim for resistance levels at $26,60 and $28,60 for potential profit taking. Continued Monitoring: Watch price action and volume for sustained breakout strength. Trend Forecast: Bullish Bias: Short-term bullish trend possibly forming. Support Level: Watch for support around the $23 mark. Resistance Level: Immediate resistance near $25-$26. Forecast Summary: Expected Movement: Potential retest of resistance near $25-$26, with pullbacks to support. Triggers: Earnings reports, market news, or geopolitical events could impact movement. Risk: Tighten stop-losses to manage risk effectively.
NYSE:FROLong
by candlefire-trading
2
(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 have appreciated by 20.83% over the course of the past month, outperforming the Transportation sector's loss of 2.4% and the S&P 500's loss of 2.35%. Investors will be eagerly watching for the performance of Frontline in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.45, signifying a 21.62% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $250.3 million, indicating a 19.85% increase compared to the same quarter of the previous year.
NYSE:FROLong
by DEXWireNews
$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