Stocks to buy now March 2024 and hold for long timeI think these stocks have huge upward potential according to technical anlaysis. mostly. SO you will have to the fundametal analysis yourself to support these ideas.
The stocks are:
Alibaba (BABA), Xinyi Solar(0986) , Abcellera Biologics (ABCL), Everi (EVRI), Teekay Tankers (TNK), Mix Telematics(MIXT), Mawson Infrastrucure group (MIGI) and KOMP ETF
And also Fortress Transportation (FTAI) which was only mentioned as an example
#alibabastock #stocks #stockstobuy #stockstobuynow #investing #nasdaq
TNK
TNK - Bottom StructureThis is what I would call an Ascending Double Bottom structure
With the left hand of the bottom being lower than the right hand
I expect a further breakout towards the red line on this Weekly timeframe
From there price can either do a full reversal or be rejected from this Red Line.
Long | TNK | Swing Trade | NYSE:TNK
Possible Scenario: LONG
Evidence: Price Action, moved ABOVE Keltner channel, Break out confirmed
TP1 ~17.5, Until 19 March, 28% Profit
I have call options for 19 March, Strike 17.5$, Trade QTY: 1443, OI: 17
Recommendation rating on yahoo finance is 2, Fair price is: 45.44
This is my idea and could be wrong 100%
WANTED: Oil $TNK for Storage. $0.01 per Barrel OBONYSE:TNK
You may have noticed a negative sign in front of WTI crude oil today. Yea, that’s not good... TVC:USOIL
It had to do with May Future contracts expiring and an unprecedented amount of oil supply flooding the market.. In short, no one wants to buy 1000 barrels of oil with no where to store it.. the fancy CFA word is called “Contango”, and has to do with the price (or rent) for just holding & storing 1,000 barrels of oil.
Bottom line: Oil Storage and Tankers just became a boiling HOT commodity.. (there were 2 puns in that one)
I’ve got a target of $45.
Can $TNK Get Over The Hump Or Will It Get Denied Again?TNK continues to see strong volume. For penny stocks , I think that's important. Furthermore, it keeps giving updates on new progress. But what's next? Gapping up slighting premarket on Oct 9 but can the bullish volume continue to push this past the historic levels?
" So what triggered this multi-month move? A few things. First, positive earnings results helped during August. Into September, Teekay may have benefited from the general market move that shipping stocks had. Teekay is 1 of the world’s largest marine energy transporters. The company currently owns a fleet of over 100 ships responsible for transporting gas and other services. " *
ABOUT TNK
Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. It operates through two segments, Conventional Tanker and Ship-to-ship Transfer (STS). The company offers voyage and time charter services; and offshore STS transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products. It also provides vessels commercial and technical management, LNG terminal management, consultancy, procurement, and equipment rental services; and lightering support services, including full service lightering and other lightering support services. As of December 31, 2018, it operated a fleet of 56 owned and leased conventional tankers, 3 in-chartered vessels, and 1 jointly-owned very large crude carrier; and 6 STS support vessels. Its vessels operated under fixed-rate time charter contracts with its customers. The company was founded in 2007 and is based in Hamilton, Bermuda.
Quote Source: Do Penny Stocks Work? 3 Up Big In October; 1 Over 980%
$TNK Looks To Have Bottomed$TNK has been in a bear market for a long time. The stock was $14 back in 2011 before dropping to under $1 this year.
We believe the worst is over as the stock has a rounding bottom and looks set to continue climbing.
Next major resistance level is the 200-day MA of $1.98.
Oil shipping rates have climbed, making $TNK an attractive risk/reward play.
Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. It operates through two segments, Conventional Tanker and Ship-to-ship Transfer (STS). The company offers voyage and time charter services; and offshore STS transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products. It also provides vessels commercial and technical management, LNG terminal management, consultancy, procurement, and equipment rental services; and lightering support services, including full service lightering and other lightering support services. As of December 31, 2018, it operated a fleet of 56 owned and leased conventional tankers, 3 in-chartered vessels, and 1 jointly-owned very large crude carrier; and 6 STS support vessels. Its vessels operated under fixed-rate time charter contracts with its customers. The company was founded in 2007 and is based in Hamilton, Bermuda.
As always, trade with caution and use protective stops.
Good luck to all!