DHt coming up on a lower trend; buy short term long; look to buy at trend support 4.96; stop loss 4.77; target profit 5.33
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.
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%
They May cut dividend at some point but the price is rock bottom with limited risk. im gonna try and get this at 5 bucks and sit on it forever.
On 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...
DHT could be a long play, looking at historical S/R and RSI.
DHT has arrived at major support, so I will be monitoring it's behaviour very closely here. IF signs of holding support, I'll be looking for a buy entry.
So the first thing I want to show you is this: In the 'old' days, this stock was trading at well over USD 42,- and since then has made a free fall to the range where it is now. This means relatively little resistance once we break above the top of this cup around 8.90. First stop only at 12 and second at around 18. So pretty interesting on the up side. Now...
The idea is based on a double bottom. W is clearly visible. 12.5% dividend bonus. Entry price - 6.30 TP1 - 6.45 +2.38% TP2 - 6.86 +8.91% TP3 - 7.08 +12.36% SL - 6.01 -4.76%
It seems like the DHT is at a consolidation phase. The current price seem to be at the long and mid term low.
DHT bouncing off of trendline for the third time. The 5 min chart is showing a descending triangle, which is technically a bearish signal, so I am going to wait for a bit to make sure that the price holds above the trend line. I hope to get in below $6.40. I'm willing to risk about 4.5% on this, which gives me a risk to reward of about 6.5 if all goes well.
In supplementing mah boy Sajal's bullish fundamental analysis on DHT, I did some TA just to confirm the uptrend. It's looking pretty good based on 2 things here: Fibonacci retracement and Stoch RSI. Fibonacci retracement shows bounce at 32.8% line (or $7.73), you can backtest to see the gain from previous bounces =$$$. Second, the Stoch RSI indicator is about to...
Interested to see what earnings does to DHT. I have my eyes on an $8 gap to fill, but not fully confident it will get there this week. Long term play for this guy. I think its got some potential through this year.