DHT overbought, divergent highDHT is heavily overbought, divergent high, and will likely continue decline with the rest of the market.
DHT/N trade ideas
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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DHT, is this how you use Volume Indicator?Longlive DHT!
Is this volume considered massive accumulation from Smart Money? I don know that Smart Money would accumulate at least 3-6 months before hand.
Correct me if i am wrong
