U want the short where u dont need to look back?If we get above the top id look for a pull back to long it!
DHT/N trade ideas
$DHT can rise in the next daysContextual immersion trading strategy idea.
DHT Holdings has a strong upward trend.
The company provides shipping of oil. Due to the oil prices had fallen, the demand for their services rose.
This and other conditions can cause a rise in the share price in the next days.
So, I suppose the $DHT price will be rising in the next days. So I opened a long position from $6,47;
stop-loss $6,02;
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.
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DHT Holdings Inc Bullish. Entry level $6.35
Price target $7.00
Stop Loss $6.17
Average analysts price target $7.96
Average analysts recommendation BUY
Short interest 6.14%
yIELD 2.74%
Company profile
DHT Holdings, Inc. is an independent crude oil tanker company. It fleet trades internationally and consists of crude oil tankers in the VLCC, Aframax and Suezmax segments. The company was founded on February 12, 2010 and is headquartered in Hamilton, Bermuda.
DHT: Interesting longer term trade ideaWe can take a longer term position in DHT. It goes ex-dividend soon, has a very high paying dividend (14% dividend yield) plus a 25% free cash flow yield and manageable debt levels. I like how it has been outperforming the market recently, and how the monthly technical chart looks. Looks promising.
Enter longs at market with stop at 4.19, aim for 11.15, in the long term.
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Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
