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Master_of_Fine_Charts
Dec 15, 2022 4:21 AM

TDW Bullish Long

Tidewater Inc.NYSE

Description

Price has made higher lows since August and closed at the descending trend line. MACD is crossing and the D+ crossed D- on the ADX which is also turning up.

2 ATR stop at approx $29
First target: $36.11
Second target: $39.90
Comments
alainroumi
You Nailed it. Keep the idea flowing. What is your update on this one?
Master_of_Fine_Charts
@alainroumi, thanks! Target remains 39.90, stop raised to $32. $41.60 possible in the long run but I think the energy market will have more to do with this than technicals.
alainroumi
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