Frontline Plc
Pembelian
Diupdate

Frontline FRO possible Breakout targeting $28

330
Analysis

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.
Trading ditutup: stop tercapai
Breakout failed

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