Breakout and Swing Trade Ideas

Discussion in 'Stock Market Today' started by StockConsultant, May 19, 2022.

  1. StockConsultant

    StockConsultant Well-Known Member

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  2. StockConsultant

    StockConsultant Well-Known Member

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    FRO Frontline stock watch, pullback to 50.71 support area with good trade quality, see also TNK at https://www.stockconsultant.com/?FRO

    Long Trade
    • Target 1: 106.56 Profit: 11.8% Stop/Trailing Stop: 92.89
    • Loss: 2.5% P/L ratio: 4.7 : 1 - Excellent
    • Target 2: 110.28 Profit: 15.7% P/L ratio: 6.3 : 1 - Excellent Extreme rally
    BULLISH
    • [Positioning] Short term strong pullback, pullback may start to slow.
    • [Positioning] at support
    • [Timing] Mild bullish 3 day candlestick pattern.
    • [Timing] Excellent long trade quality
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
     

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