$FRO can fall in the next days

Contextual immersion trading strategy idea.

Frontline Ltd., a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide.

The oil price is growing. The demand for tankers for oil storage fell.

The demand for shares of the company looks lower than the supply.

This and other conditions can cause a fall in the share price in the next days.

So I opened a short position from $8,11;
stop-loss — $8,40.

Information about take-profits will be later.

Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.

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Zlecenie aktywne:

stop set at $7,73

Transakcja zakończona: osiągnięto poziom stop