I have been pounding the table in TNP for years now as a long-term investment.
int the 52 weeks it has risen almost 100%. Now it's on the verge of breaking out
of a major 14-year structure that could produce massive profits.
At the peak of the Markets TNP was the last value play left. since then it has performed
unbelievably well during market turmoil.
Analyzing the options chain and the chart patterns of TNP Tsakos Energy Navigation prior to the earnings report this week,
I would consider purchasing the 20usd strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $0.87.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
TNP update back on June 24th, 2021. TNP was and still is the last Value stock that I could find.
While it sucked the life out of me waiting, all I kept thinking and doing is adding on the way down as
it only became more and more and more of a value stock. Couple that with the nice chart setup and
it was a no-brainer. Now we are finally seeing the breakout which...
$TNP shows a good VCP within a Stage 2 uptrend
Fundamentals are increasing with all Sales, Margins and Earnings Improving
Expexcted 2023 EPS breakout
Volume is showing signs of accumulations
Industry group is #8 out of #197
--Cup with handle has completely form
--Multiple entry point
--There still demand for oil and liquid gas
--$XLE still on the up trend
--Avoid choppy price action
--See chart for detail
--Look like TNP making the handle of the cup.
--Buy if breakout of the handle, aggressive entry
--Or entry can be above $19.25 (if breakout)
--better buy point if breakout close to 21 ema
--Cut loss should not be more than 8%
If you're going to invest in $ATDC you will want to see the wedge effect which will drop a little tomorrow and sling shot out to high volume and small float.
Truly this is the last stock that i could find that has not yet made the move it should.
Though I featured it back on March 15th it has yet to make a move.
But it's only a matter of time before it does. On the verge of a breakout from small channe.
TSAKOS ENERGY NAVIGATION owns 64 oil tankers and is set to make a big move up.
Shipping is a bottle neck industry and prices can get out of control quickly. With
VALUE being the name of the game lately and shipping costs rising it is only a
matter of time the long term downtrend starts to reverse and price starts to rise.
with 33% of TNP fleet not locked into long...
Covid 19 has put blood on the streets of the oil tanker sector. There is RSI bullish divergence on the weekly time frame. Idea to take a longterm position here and sell cover calls outside the money 30-45 days out. If you get called out no big deal and great trade. If not collect income with the calls until your stock gets called. The more the calls are out...
Contextual immersion trading strategy idea.
Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide.
Due to the oil price lowering, the demand for oil tanker transport companies rose. Their clients use the tankers for oil storage.
The demand for shares of the company looks higher than the...
TNP, Set buy stop order with other cancels other for target/stop, still learning. I believe it will continue its bullish uptrend for one more day or so before heading back down.
Buy Order: 3.90
Target: 3.50
Stop: 4.10
Time Frame: April 2nd
A base has been forming since 2011, but the buyers
currently have the upper hand after successfully
breaking the long-term down trend ling. The bulls
can maintain momentum by constraining prices within
the small upward channel developing on the longer
time frame. Consider a pullback to up trend line as
an opportunity to buy with limited risk. Near term...
