Trendline support, strong resistance on DHT.. short short-term.. But bullish longterm! Trend upwards should resume in Decemeber 2021
I believe #DHT is ready to make a move to the upside. I am not a financial advisor, this is for entertainment only. Only invest with money you can afford to lose.
Noob TA attempt: expecting this one to be huge. Holding this for a few months
Possible if it follows the same pattern as from its previous dip. If this plays well, VPCI would be a great indicator for trading DHedge
Load up more at 5.06$ , 4.40$ , 3.95$ Take profit... 6.45$, 8.65$ Using Support & resistance levels
DHt coming up on a lower trend; buy short term long; look to buy at trend support 4.96; stop loss 4.77; target profit 5.33
I don't know if wave theory really even works but It helps me organize my thoughts. DHT and tanker companies are in a really good position with the oil collapse, but if the S&P collapses any further it could drag down everything with it. Projected EPS is around 50 cents for q2 2020, a %330 percent increase from q2 2019, at 19 cents, and reports come out may 13th. ...
We can take a longer term position in DHT. It goes ex-dividend soon, has a very high paying dividend (14% dividend yield) plus a 25% free cash flow yield and manageable debt levels. I like how it has been outperforming the market recently, and how the monthly technical chart looks. Looks promising. Enter longs at market with stop at 4.19, aim for 11.15, in the...