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G23ROCKS » Comments » FRO

  • Investing in Tankers: Ship, Ship, Hooray? [View article]
    H&S pattern confirmed. We can expect a retest of the neckline at $60 before the next leg down.
    Aug 08 10:37 am |Rating: 0 0 |Link to Comment
  • Investing in Tankers: Ship, Ship, Hooray? [View article]
    Also check out SFL, which had a classic head and shoulders in May-June, which resulted in a 10% drop from the neckline at $30. It's since started recovering...
    Aug 01 17:49 pm |Rating: 0 0 |Link to Comment
  • Investing in Tankers: Ship, Ship, Hooray? [View article]
    Eli,
    Technicals look like a possible head and shoulders pattern (bearish) is forming on FRO, neckline at $60. I don't own the name, but would be wary of starting a position here until the pattern is broken. If it is a true H&S, we can expect a breakdown past $60, a retrace to the neckline, followed by a larger dip. Higher volume on the dips, lower on the retrace. What do you think?

    BD
    Aug 01 17:03 pm |Rating: 0 0 |Link to Comment
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