STNG: 15 Years of Accumulation — Is the Breakout Finally Here?

Aug 17

Some breakouts take months. Others take years.
This one has been building for more than a decade. 👀

STNG has spent years forming a massive accumulation structure below the neckline of a massive Inverse HnS, repeatedly testing the same resistance without a sustained breakout.

Now price is back at the neckline again.

🔥 Why I'm watching this one

🔹 Massive long-term accumulation
🔹 Multiple historical attempts to break the neckline
🔹 Large inverse H&S-style structure developing
🔹 Price is now pressing against ~$86 resistance once again

The setup is simple:

Break $86.60 → sustain → retest → continuation. 🚀

A successful breakout and retest would be the confirmation that this multi-year accumulation has finally resolved to over 90% upside.

🎯 What I'm watching

🟢 ~$72 — key support / bullish invalidation area
🔴 $86-87 — major neckline / breakout trigger
🎯 $165 — measured long-term objective shown on the chart.

I'm not calling $165 a straight-line target. There will likely be plenty of resistance and consolidation along the way.

The first objective is simply to see $86.60 turn from resistance into support.

⚠️ High risk / high reward

This is still a speculative setup until the breakout is confirmed.

After so many failed attempts at the neckline, another rejection is absolutely possible.

But that's precisely what makes the setup interesting:

Years of accumulation + repeated resistance tests + price pressing against the neckline = a potential volatility expansion if the ceiling finally breaks.

For now:

Above $72 → bullish bias.
Above $86 - 87 + sustained retest → confirmation.
Below $72 → thesis weakens significantly.

🚢 STNG: After years of accumulation, is this finally the breakout that sticks?

Technical setup only — not financial advice.

Sep 15

Trade active

Testing resistance for the first time.

Sep 17

Note

here is the breakout.