long on all tanker stocks because of high income of this company in 2020. This is a ones in a lifetime payday or better pay year for them.
They also pay high divident so these stock have to go up.. that's my humble opinion :-)
Really no chart needed and no idea if the lines mean anything right now. All you need to know is to buy tankers and hold them for 6 months. Do you DD and look into tanker rates, the oil glut is a boom for tankers. Get in while you can (6-month timeline)
Tankers stocks are trending up with the actual Oil crisis if the conflict escalates tanker stock may skyrocket to new highs.
Following the recent run and the historical day we liver on 20/04/2020, the stocks had a huge rally but RSI is showing overbought condition and Price has been rejected by 200 Day EMA. we might go back to the 50 EMA (hourly), the 20$ level...
$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?
STNG shares have displayed a "running MACD bull divergence" for months.
The stock is now breaking out in strong form as everyone wakes up to the idea that the folks who own the floating oil storage resources will be at a premium when people are paying to not have oil.
Need to be really careful as these are spiking as storage facilities not shippers.
Oil no matter how bad it looks can still rip your face of in minutes .
Dangerous space
STNG is a tanker company I've followed since 2016, investing in and out of it for swing trading; before I even tried technical analysis. This company has a solid fleet and is trading at all time lows, and is in a position to generate significant cash flow not seen since 2015.
We have Contango in oil prices pushing people to buy and store the oil until a future...
Tanker Rates Hit The Highest Level Ever In October, and Are Far Above Profitable Now.
Expert Analysts Cleaves & Bimco Say Rates Could Spike to that Level Again Many Times in the Near Future.
The Legendary Investor Peter Linch of the Magellan Fund, Last Friday Went Bullish Shipping in a Barrons Interview.
That Brings a Lot of Attention to the Tanker Bottle Kneck...
NYSE:STNG
STNG - Accumulation Phase
after Phase C and D
Waiting for LPS and going up, believe it will be some Consolidation in the next few Days/Weeks and will wait for going up
P&F target is approx 80
Waiting to see how will go
Good Luck (not Recommendation)
STNG - HEAD AND SHOULDERS BOTTOM FORMING, RIGHT SHOULDER SUPPORTED NICELY OFF THE 2OO EMA. WITH FUNDAMENTALS BACKING THIS TRADE IN THAT THEY LEAD THE WAY WITH NEW CLEAN SCRUBBER TECHNOLOGY IN MOST OF THERE VESSELS THAT IS REQUIRED BY JAN 1 2020 FOR NEW LOW SULPHER FUEL STANDARDS, MOST OTHER COMPANIES WILL NOT BE FULLY COMPLIANT BY THIS DATE.
Using our Elliott Wave Indicator Suite for the TradingView Platform we have identified a potential Long 5th Wave Swing Trading Opportunity for STNG on the 60 minute time frame . The 5th wave move in an elliottwave sequence is the highest probability move.
The wave 4 pull back has found support in the red zone of our probability pullback zones, which represents an...
This stock has volume in it's tankers and looks prime to keep it going unless earnings derails it.
Nice volume and a weekly Inverted H&S makes it a nice candidate to go long and enjoy the ride.
I don't hold shares but see this as a good area to start accumulating. Overall market sentiment is continued bearish, but looks like a base was formed and it's beginning to move up. I can see this hitting 24s for support and going back to 30s loner term. I expect ER to beat so might enter on 7/30, but likely won't. Chart shows HUGE upside on pattern, talking...
