$KNOP can rise in the next days
Updated
Contextual immersion trading strategy idea.
The demand for shares of KNOT Offshore Partners LP looks higher than the supply.
The company owns and operates shuttle tankers under long-term charters in the North Sea and Brazil.
On 07APR the company announces First Quarter 2020 Cash Distribution. Despite the crisis, It will correspond to $2.08 per outstanding common unit on an annualized basis — finance.yahoo.com/news/knot-offshore-partners-lp-announces-210000272.html
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $11,69;
stop-loss — $11,00.
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.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
The demand for shares of KNOT Offshore Partners LP looks higher than the supply.
The company owns and operates shuttle tankers under long-term charters in the North Sea and Brazil.
On 07APR the company announces First Quarter 2020 Cash Distribution. Despite the crisis, It will correspond to $2.08 per outstanding common unit on an annualized basis — finance.yahoo.com/news/knot-offshore-partners-lp-announces-210000272.html
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $11,69;
stop-loss — $11,00.
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.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Trade closed manually
$13,03Trade active
1/2 was closed. 1/2 still openedTrade closed manually
1/2 closed at $14,21
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