Trendline support, strong resistance on DHT.. short short-term.. But bullish longterm! Trend upwards should resume in Decemeber 2021
SO, this chart may be a little hard to read. However, price may push up to the blue dotted line or the dark line before dropping. In contrast, as soon as price breaks the yellow ascending line... SHORT SHORT SHORT!
It has an extremely strong support level around one dollar and huge, huge potential for growth. Although it continues to have problems to be profitable (in net terms), I consider that its fleet, its geographical distribution, its orientation towards "ECO" tankers, its continuous increase in income and assets, make it a strong competitor in the sector. Among...
Load up more at 5.06$ , 4.40$ , 3.95$ Take profit... 6.45$, 8.65$ Using Support & resistance levels
Oil Tankers have experienced a lot of uncertainties due to the pandemic in 2020, however it is clear that the worse is behind us. Oil it will slowly drift higher and so tankers like Scorpio will benefit from that. My primary target for STNG in the next 6 months, is on its immediate major FIB level, around $18. Let's wait and see how it will go in the next couple months.
NAT is very close to the reversal point at 3.25$ and 2.5$ Every 4 - 5 months theres a surge in NAT stock price
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...
- Fundamentally sound, good balance sheet - Trading at a perfect level right now, with a great RR ratio. - CEO bought million(s) in call options, expiring 2021. - Unlikely to trend much lower at this level.
Take what I say for a grain of salt on this one. I am still bagholding hard on this one but we finally broke out of resistance and q2 results will look great. Also the dividend won't hurt anything this month. Wish me luck and probably don't listen to me on this one! In my defense I did say 6 month hold :)
2 target prices... Fib 61.8 & Fib 161.8 take profit levels
Tanker companies are en route to record profits in Q2. For $STNG, volatile oil prices and storage #s have increased volatility. Sitting on the trend line, look for a break north to reflect actual performance or south to double bottom at the 52W lows.
Found some support friday and may get another contango situation this month. Hold this stock until the oil glut disappears. This is advice only and make your own trades. I will be holding through earnings.
NAT - Broken downtrend with very high volume, Divergence on macd from last LL's. Above middle bollinger band. Breakout volume biggest ever monthly volume by a mile.
STNG - With oil prices so low and demand reduced due to corona virus there is excess oil needing to be stored so bullish on tankers for next 1-3 years. 2/3 last times it has broken middle bollinger band on the weekly chart it has done 100% moves, the other time 30%. Could be forming a nice curve bottom here. Volume increasing. Needs to get above 50MA and will turn...
I'm bullish on this stock after investors dumped 40% of the stock! Anything above the yellow resistance line i'm bullish (right around 5.92-6.00) Good Luck!
Contextual immersion trading strategy idea. Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. Due to the oil price lowering, the demand for oil tanker transport companies rose. Their clients use the tankers for oil storage. The demand for shares of the company looks higher than the...
Bullish pattern to resume if prices hold above support. Buyers need to come in strongly with high volumes to keep uptrend. Storage of oil on tankers is normally 25K a day, and it’s been $100K+ a day and is expected to rise even more.
Tankers stocks are trending up with the actual Oil crisis if the conflict escalates tanker stock may skyrocket to new highs. Following the recent run and the historical day we liver on 20/04/2020, the stocks had a huge rally but RSI is showing overbought condition and Price has been rejected by 200 Day EMA. we might go back to the 50 EMA (hourly), the 20$ level...