This is my 2nd year of proactive measuring, tracking and reflecting on my trading.
2022 overall stats:
Total P&L: $4,863.66
%P/L = P&L / account size: 9.73%
Profit Factor = Gross profit / Gross loss: 142.89% (2021 profit factor: 2.17)
Win/Loss rate: 55.56%
R multiple = P&L / Amount Risked: 0.18 (2021: 35%)
R average: 35.50% (2021 30%)
My personal...
Euronav - 30d expiry - We look to Sell a break of 17.96 (stop at 18.72)
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
17.99 has...
*Breakout from a flag with not particular pattern in side of the flag.
*Reclaim 21 ema for support. Risk/reward look good for entry.
*Cut loss below the 21 and 50 ema(s)
*See chart marking for detail.
Euronav - Intraday - We look to Sell a break of 15.73 (stop at 16.81)
We are trading at overbought extremes.
A higher correction is expected.
A break of the recent low at 15.75 should result in a further move lower.
Bespoke support is located at 16.00.
Short term momentum is bearish.
Although we remain bullish overall, a correction is possible with plenty...
MACD curled upwards, Arroon Up and Down hit its 100 % ceiling, so both indis confirm the uptrend, big former resistance broken, now support (green line), however one major high (red line) must still be overcome. Looks great. However, I doubt that price is gonna blast through that red resistance at the current pace. I want to buy it but I am out of dry powder...
Euronav is an international shipping enterprise which focuses on oil transport by sea. On 7 April 2022 there was announced a merger between Euronav and Frontline Ltd. pending regulatory approval and ironing out of the last details. The combination would be based on an exchange ratio of 1.45 shares in Frontline for every Euronav share. Euronav shareholders would...
Euronav - Short Term - We look to Sell at 9.51 (stop at 9.91)
Previous resistance located at 9.50. We are approaching the medium term resistance and look to set shorts on an approach to this level. A lower correction is expected. Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be 8.29 and 7.20...
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...
I found this stock while looking for those with a Piotroski F-Score greater than 7. The F-Score (which uses a scale of 1-9) is a good at-a-glance indicator for how good a company is doing financially, and EURN had a score of 9! In spite of that, I don't share the same sentiment that this is a good buy, and TradingView seems to agree as it shows a "Sell" signal for...
EWT count looks encouraging to me. Falling wedge reversal pattern. Positive reversal in the daily RSI. Process your way.
From Zacks:
Euronav is a tanker company. It owns, operates and manages a fleet of vessels for the transportation and storage of crude oil and petroleum products. The company also offers ship management services. It operates primarily in...
Optimistic earnings out today with a $0.03 eps beat, plus recent share buybacks and the daily chart supports signs for a continued reversal up ..
Also the XLE ( energy etf ) looks like it has recently started to possibly turn bullish , this would would help EURN . Energy stocks generally have not done well recently but I think this simply will create some good...
There are 4 possibilities for this decrease. At the first red line, if it breaks there it would close the gap at the indicated place, if it breaks even further, it will descend even further to the small gap. If he breaks through that even further, he will make a Touchdown on the last red line where he will then go back to the upward direction.
Bearish Reasoning :
50 Day moving average considerably below instrument .
RSI nearing overbought
Stock at resistance on daily chart.
This is just a quick request for an update on EURN, at this time I do not have a position.
There are some reasons for a continuation of bullish trend too , such as but not limited to, the target price , dividend, book value...
Patience is the word with EURN, despite it looking bullish and fundamentals being good.
- It's inside the D cloud, first needs to break out of it, or find support at the bottom.
- Strong resistance at 8.7-8.9, let's see how it reacts there.
- Possibly might just fill the gap at 8.885 and then do a retrace.
Stay tuned!
