Knot Offshore sinking. KNOPImmediate targets 14, 12, 10. Invalidation at 25.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
KNOP trade ideas
$KNOP can rise in the next daysContextual immersion trading strategy idea.
The demand for shares of KNOT Offshore Partners LP looks higher than the supply.
The company owns and operates shuttle tankers under long-term charters in the North Sea and Brazil.
On 07APR the company announces First Quarter 2020 Cash Distribution. Despite the crisis, It will correspond to $2.08 per outstanding common unit on an annualized basis — finance.yahoo.com
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $11,69;
stop-loss — $11,00.
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.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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