Stng has some incredible volatility over the last days as well as record high volumes. Kinda an unpredictable stock for the short-term. Oil is rising again and tanker rates are falling. Imo Q1&Q2 are already priced in. Today's results will help us understand where this one is going...
same pattern over the last days... let's see how it plays out today!!!
Oil is rising and OPEC cuts down production... don't see this baby going up in the next months... for me there is a probability that they will inflate earnings because if not now when? However next week could be devastating would not risk to take a position at this point!
Awaiting first trading days of the next week to see if this formation takes place. Imo probabilities to take place are <30%
OPEC cuts down production and economies worldwide are re-opening... although there is a bearish divergence on the RSI would not risk taking a position here. Also we see that when the market falls the try to rise oil prices so that petroleum companies do not crash and act as a buffer to the market downturn
At the end of this week apple is expected to announce it's earnings report for the end of Q1. Taking into consideration that it's one of the market leaders there is a possibility that the markets are going to move higher best on the below. Do you believe my wave counting is valid at the moment?
Stng head and shoulders formations , target gap fill $28.30
Look on the behavior of DMI on the previous crashes, it keeps falling while the index is falling as well and RSI builds up a bullish divergence. It does not necessarily mean that history repeats itself, just pointing this out.
Bearish Rising Wedge formation ready to take place?
In blue colour are all the daily gaps of the index. If it manages to close the one at 2899 and then A=C then it reaches the lowest gap which is between 0.382 and 0.50. Magic
The peak of the flu will be around end of May after that with some positive data and everything priced markets will rally for the B wave and after US elections when the virus will be back we going for the last and biggest dive
RSI divergence after so many lockdowns? what's going on here?
Awaiting for the big drop this year and the next for some astonishing opportunities!!! The flu will go away for the rebound and come back next year and then it will vanish, get prepared: short or accumulate cash!