Despite the frequent delusion that occurs with shipping stocks, when the time comes to turn their cycle, they can yield very large profits. Such a time may be enough for the shares that sell liquefied natural gas and which now wants Europe, which has broken its relationship with Russia.
Weekly inverted h&s looks ready to explode. Earnings this week probably sends it if I had to guess (if not probably sees $2.19 before moving higher). No position here currently but would love to get in before earnings if I can free up some cash before then. Too many bullish setups these days.
Down trending channel & 50MA break imminent . Potential entry above $2.55 Targets level $2.90
DLNG has formed a 2+ month rectangle flag pullback setup after a strong rally from April low. A daily close outside of the bullish flag should set the stage to the next leg up.
Daily & 3 Hour Models point to March 2020 as optimal entry/buy point for Oil & Gas Companies (eue.tu.ub) brschultz aka markettimer777