Frontline 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 tested weekly support, it will most likely test the weekly uptrend. If the uptrend breaks, there will be a significant drop to $16-$14.
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 tested weekly support, it will most likely test the weekly uptrend. If the uptrend breaks, there will be a significant drop to $16-$14.