Stock Technical indicators to notice in FRONTLINE (FRO.OL)
1- Last bullish trend was from 36.38 $ (4/27/2012) to 37.85 $ (4/30/2012) a 1.47 $ move 2- The current bearish trend started from 37.85 $ at 4/30/2012 and is currently trading at 34.36 $.
FRONTLINE (FRO.OL) Short term stock chart patterns for internet stock trading :
4- The Stock formed Double Top Pattern at 37.850 .
5- The Stock formed a 3.870 $ height triangle which was broken down at 36.360, target of the pattern is 32.490.
FRONTLINE (FRO.OL) Mid term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 34.030 and 39.620,resistance between 37.900 and 44.080, the stock channel is currently supported from below by 31.071 and resisted from above by 35.840.
FRONTLINE (FRO.OL) Long term stock chart patterns for internet stock trading :
7- The Stock traded in a bearish stock channel identifed by support at 34.030 and 39.620,resistance between 37.900 and 44.080, the stock channel is currently supported from below by 31.071 and resisted from above by 35.840.
Stock Trading Conclusion:
FRONTLINE (FRO.OL) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 35.18, 35.69, 36.10, 36.52, 37.75, 37.85, 39.32.
Stock Support levels : 32.49.
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