Aug. 3 at 11:58 PM
Frontline plc
$FRO $39.32 (8hr)
Bullish Flow: Heavy institutional call sweeps hitting the Ask on out-of-the-money November expirations (
$55 strikes), showing aggressive long-term accumulation near channel support. 🐂 💧
Bull Key Level:
$43.13 (Bull confirmation to break upper channel resistance and accelerate trend continuation) 🐂 🔥
Bear Key Level:
$35.34 (Key structural support floor and mid-channel baseline to defend) 🐻 ⚠️
Targets:
$46.50 /
$50.00 💰 💸
Why: Price action is respecting the ascending channel structure on the 8h timeframe with strong volume absorption at local value nodes, positioning buyers for an eventual push toward upper distribution limits.
#fro | #frontline | #optionsflow | #stocktrading | #hovdid
