Long
Euronav NV
Chart pattern: Bull Flag
Entry: Immediately
Stop: 9.30$
Target: 11.32$ (daily chart) or 12$ (1:1 projection of the range)
Risk/Reward-Ratio: > 5:1
Stopmanagement: Parabolic SAR Stops daily chart default settings
Description: The price is at a significant level and a possible break out of a multiyear range is supported by the MACD and the fact that the volume is decreasing during the recent consolidations
Entry: Immediately
Stop: 9.30$
Target: 11.32$ (daily chart) or 12$ (1:1 projection of the range)
Risk/Reward-Ratio: > 5:1
Stopmanagement: Parabolic SAR Stops daily chart default settings
Description: The price is at a significant level and a possible break out of a multiyear range is supported by the MACD and the fact that the volume is decreasing during the recent consolidations
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