Scorpio Tankers bottom formation
Updated
Tanker day rates are through the roof and the sectors share prices haven't yet produced the fruits.
If this inverse head & shoulders pattern completes the bottom is in for the time being. Load up on the tankers. The whole sector looks primed and ready to take-off.
Confirmation with break of neckline & increased volume on the break. Looking to long on the re-test of the break
If this inverse head & shoulders pattern completes the bottom is in for the time being. Load up on the tankers. The whole sector looks primed and ready to take-off.
Confirmation with break of neckline & increased volume on the break. Looking to long on the re-test of the break
Comment
ENTRY made, failed to reach target.
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