DHT (DHT Holdings, Inc.) - RSI2 Momentum Swing Trade🎯 Trade: Long (Buy)
📊 Timeframe: Daily (D1) / Swing Trade (5-10 days)
💰 Entry: $11.65 (Current level + RSI2 confirmation)
🛑 Stop Loss: $10.77 (Below key support & SMA 20)
🎯 Take Profit: $13.62 (Resistance zone + R:R 1:2)
📉 Risk/Reward Ratio: 1 : 2.0
🔍 Technical Analysis
✅ RSI2 Momentum Signal:
RSI2 Connors Strategy triggered a "Buy signal" on Aug 18-19, indicating short-term oversold conditions have reversed.
This signal often precedes short-term bullish momentum swings.
✅ Trend & Price Action:
Primary Trend: Daily trend is Alcista (Bullish).
Price is trading above SMA20 ($11.29), confirming short-term strength.
Immediate resistance break could accelerate momentum toward $13.
✅ Volume & Momentum:
Volume is supportive of the move.
RSI (normal) is at ~57, showing healthy momentum without overbought conditions.
📈 Fundamental Context
Moderate Growth: Net Income showed moderate growth YoY.
Low Debt: Strong balance sheet with manageable debt (Debt Score: 8/10).
Valuation: Fairly valued on P/B but slightly overvalued on P/S. This is a technical-driven trade, not a long-term fundamental hold.
🎯 Why These Levels?
Entry ($11.65): Optimizes risk-reward near current levels with RSI2 confirmation.
Stop Loss ($10.77): Below SMA20 and recent swing low. Protects against failed momentum.
Take Profit ($13.62): Targets the next resistance zone + aligns with a clean 1:2 R:R.
⚠️ Risk Considerations
Swing Trade Only: This is a short-term momentum play based on RSI2.
Market Sentiment: Shipping stocks are sensitive to oil volatility and global trade sentiment.
Always use a stop loss. Do not risk more than 1-2% of your portfolio.
📢 Conclusion
DHT offers a clean swing trade setup:
✅ RSI2 Connors Buy Signal active.
✅ Bullish daily trend with price above SMA20.
✅ Strong risk-reward (1:2).
I am long DHT at $11.65 for a swing toward $13.62.
🔔 What do you think? Will the RSI2 momentum continue?
#Trading #Stocks #DHT #Shipping #RSI2 #Connors #SwingTrading #Momentum
Disclaimer: This is not financial advice. This is a short-term technical trade based on RSI2 signals. Fundamental outlook is neutral. Manage your risk and do your own research.
