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Cape-Peninsula-Capital
Jun 13, 2021 1:55 PM

Euronav NV Long

Euronav NVNYSE

Description

Chart pattern: Bull Flag

Entry: Immediately

Stop: 9.30$

Target: 11.32$ (daily chart) or 12$ (1:1 projection of the range)

Risk/Reward-Ratio: > 5:1

Stopmanagement: Parabolic SAR Stops daily chart default settings

Description: The price is at a significant level and a possible break out of a multiyear range is supported by the MACD and the fact that the volume is decreasing during the recent consolidations
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