The gap from 17 April is closed and from here, i expect to rise at 25 usd, if the buyers go stronger, I expect a target for 42 usd, if go through 25.
Nice setup with volume supporting a break of the long term trend line.
"Tanker storage may offer an alternative to land storage, but it is “very pricey” and there are not enough tankers available to solve the problem, he told MarketWatch, adding that rates for very large crude carriers, or VLCCs, have skyrocketed above $100,000 a day for a three-month charter." Not for a suggestion, just an Idea! Good-luck!
$TNK $STNG $NAT Shipping stocks all looking bullish to me, excess oil being produced every day with consumption down means it all needs to be stored somewhere?
NYSE:TNK You may have noticed a negative sign in front of WTI crude oil today. Yea, that’s not good... TVC:USOIL It had to do with May Future contracts expiring and an unprecedented amount of oil supply flooding the market.. In short, no one wants to buy 1000 barrels of oil with no where to store it.. the fancy CFA word is called “Contango”, and has to do with...
No reason to rally, oil down, demand down. 1. NO dividend 2020 2. NO buyback 2020 3. Q2 and Q3 will be lower eps, because 50M$ cost for ballast system 4. None scrubber DHT and FRO 1. dividend q1 0,32 2. they made buyback 3. half ships with scrubber
Stock has gone Bullishly Parabolic
As you see, new high put strong divergence.
TNK has had a great run over the last 3 months up some 116%. Looks like after a bit of a pullback it might bounce and run again. I will wait until it hits $2.45 for confirmation of direction and look for an entry around there. Could be worth a watch. Teekay Tankers Ltd. is an international provider of marine transportation to the oil industries. The Company's...
Entry level $2.28 on break to new high. Target price $2.65 to Fibonacci extension and overall .236 Fibonacci retrace. This is a very conservative trade, if momentum continues in the sector this could be a double from here. Average analysts rating $2.50 | Overweight. Company profile Teekay Tankers Ltd. engages in the provision of crude oil and refined petroleum...
I am now bullish on TNK. Buy @$2.19 Stop Loss: @1.60 Take Profit @$6.67 Trading is risky There is a substantial risk of loss in futures and forex trading. Online trading of stocks and options is extremely risky. Assume you will lose money. Don't trade with money you cannot afford to lose.
You se, when watch.
TNK continues to see strong volume. For penny stocks , I think that's important. Furthermore, it keeps giving updates on new progress. But what's next? Gapping up slighting premarket on Oct 9 but can the bullish volume continue to push this past the historic levels? " So what triggered this multi-month move? A few things. First, positive earnings results...
$TNK has been in a bear market for a long time. The stock was $14 back in 2011 before dropping to under $1 this year. We believe the worst is over as the stock has a rounding bottom and looks set to continue climbing. Next major resistance level is the 200-day MA of $1.98. Oil shipping rates have climbed, making $TNK an attractive risk/reward play. Teekay...