DHT trade ideas
Still appears bullish and still has momentum...DHT Holdings, Inc. engages in the operation of a fleet of crude oil tankers. It operates through its integrated management companies in Monaco, Singapore, and Oslo, Norway. The company was founded in 2005 and is headquartered in Hamilton, Bermuda. @threads NYSE:DHT #DHT #stocks #stockmarket #investing #trading #money #forex #investment #finance #invest #bitcoin #business #investor #entrepreneur #cryptocurrency #trader #financialfreedom #crypto #wallstreet #wealth #daytrader #motivation #forextrader #success #daytrading
DHT: Breakout Confirmed, 20.13% Potential Profit!Description: DHT is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $6 - $6.2
2. Take profit: $7.28
3. Stop Loss: $5.82
4. Risk To Reward: 1 / 5
5. Accuracy Rating: 93%
$DHT making a good run channeling upA dip in momentum this last week but still held easily at its support line. This has headroom so I bought more today with a price target of $6.40 in a 5-7 week time frame. Solid channel up means this is a textbook swing trade. Goodluck! Not financial advice, just my find!
$DHT - broken down trendIve held DHT for years for the dividends.
May be adding some here. It's historically volatile and has major resistance at $6.14
It may be one to watch to pick up under $5 for a swing trade to make a few thousand dollars if you can buy enough shares.
It does have a golden cross on the horizon, but its not that convincing at this time.
Reversal Coming Soon?DHT has shown bullish diverging RSI on the weekly time frame since February 2020. The chart also looks like an inverse head and shoulders with the current price forming the shoulder. If oil remains elevated and RSI breaks upwards DHT may move up as well. I think I'm going to buy a few shares to speculate.
DHT Holdings is offering a 37% Dividend!I know my dividend plays may seem boring - but please read on!
Who said that value is dead? If you want risk exposure to energy - this is the place to have at it.
Incredible Value here - P/E 3.49
Dividend 37.43%!
P/FCF 3.8 (Great cash flow)
Debt/Eq 0.69 (Moderate & largely LT debt)
Sales PAst 5Y +28%
Sales Q/Q +131%
ROA +15%
ROE +29%
DHT Long PlayOn the fundamental side:
- Mgmt reaffirmed dividend of $1.4/sh, ~22% yield. DHT has been consistent with its dividend for 42 consecutive quarters.
- DHT is rather insulated from most economic downturn. One key assumption we have is that we will not see another pandemic quarantine lockdown on the scale of what we saw in March/April. Other than that, DHT actually benefits immensely from any backwardation in oil prices
- If we right and the market is in denial of DHT's dividend, assuming mgmt. team maintains its current track record - we expect DHT to trade up to match its dividend at $13-18/sh
On the technical side:
- On the daily, we see a massive cup and handle accumulation pattern, with measured moves pointing towards the ~$14.5/sh level
- Initial price target level of ~$14.5/sh lines up with Fibonacci retracement to the 50% level