STNG - Board the Tanker to new highs ?
Tankers stocks are trending up with the actual Oil crisis if the conflict escalates tanker stock may skyrocket to new highs.
Following the recent run and the historical day we liver on 20/04/2020, the stocks had a huge rally but RSI is showing overbought condition and Price has been rejected by 200 Day EMA. we might go back to the 50 EMA (hourly), the 20$ level can be a good entry point to join the ride.
Following the recent run and the historical day we liver on 20/04/2020, the stocks had a huge rally but RSI is showing overbought condition and Price has been rejected by 200 Day EMA. we might go back to the 50 EMA (hourly), the 20$ level can be a good entry point to join the ride.
Buy high, sell low
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