S0QA trade ideas
$STNG Breaks Out as Taking Oil Away Becomes ValuableSTNG 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.
Scorpio Tankers higher but! $stng
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
Need to close above $18 and above the resistance lineSTNG 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 rebound in price; yet there are only a few places oil can be stored.... Tankers being one of them.
This specific company has a significant and up-to-date fleet and because of the oil oversupply, there is heightened demand for storage and transport. As a result of the increased demand, rates are visiting levels not seen in a good while (2015). These levels, if maintained, can pump the type of cash flow that makes this trade up 50-100% pretty quickly; with room to go even higher the loner the elevated rates are maintained. Essentially, this company can generate free cash flow equal to its market cap if rates maintain and I personally think this stock is being manipulated for accumulation; but the accumulation is happening and has been since 14s
$stng wave Cor 3 looks completeI tweeted that 5 wave move down was complete a little while back we did not get much of a B but it is possible that this is just a correction...
$STNG Tanker Rates Hit The Highest Ever in Oct. & Stayed HighTanker 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 that is Creating the Best Tanker Rates Ever.
There Is a Tanker Ship Shortage and The Lowest On Order in Forever, Because Shippers Don't Want to Make a 25 Year Investment On a Ship
Without Clarity On IMO 2020, 2030, 2050 Fuel Regulations.
The Shipping Fuel Regulation Change (IMO 2020) Is Causing Up to 17 Days Delay In Fueling Tankers
Phase 1 US/China Trade Deal Requires China to Buy US Oil & Petroleum Products ~ Increasing Ton/Miles.
Its 2.4 times as far from US to Asia, as the Middle East to Asia
IMO 2020 Solution (Scrubber Retrofits) take 6.5 Weeks, taking more Ships off the market
Refinery Runs & Oil Production are Ramping Up, to Comply with IMO 2020
Need for US type Low Sulfer Oil Globally over Brent, for Its Ease to Refine into Low Sulpher IMO 2020 Fuel
Sanctions On Ships, that Use to Transport Iranian, Venezuelan, North Korean, & Cuban Ships, Have Knocked a Lot of Ships from Availability
Tanker Utilization Is at 95%
STNG AccumulationNYSE: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 FORMINGSTNG - 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.
STNG Potential Long 5th Wave Swing Trading Opportunity 60minUsing 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 75% probability that our automated 5th wave target zone, in blue on the chart, will be hit.
We see yellow dots formed in the overbought zone on our special False Breakout Stochastic indicator, which signals strong Bullish momentum. When, during a wave 4 pullback, the stochastic pulls back against these false break out dots and crosses in the oversold zone, there is a high probability the stocks price action will resume the overall bullish trend .
We also measure the wave 4 behaviour with our Elliottwave oscillator, which has pulled back within our pre-determined zone.
So overall we have identified, using our Elliott Wave Indicator suite for TradingView, a high probability long swing trading opportunity on STNG , 60min Timeframe , with the following entry strategy:
Long entry through $35.21
Stop Loss $34.14
Target $37
Giving a Risk to Reward of 1:1.6
Learn more about our Tradingview indicator suites by watching the video tours >>HERE<<
STNG is movingThis 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.
More downside, unless ER BeatsI 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 5-10 year could be 200-400% ROI if rates continue to improve.
$STNG Scorpio tankers Swimming in cash. BullishIn recent analysis by J Mintzmer he makes come very positive points regarding NYSE:STNG he wrote "Scorpio Tankers (STNG) has the world's largest fleet of modern product tankers. With major fuel regulations pending in 2020, product markets are poised to surge.Scorpio Tankers (NYSE:STNG) is a product tanker pure-play with the world's largest publicly-traded fleet of modern product tankers, with 119 vessels on the water (including 10 chartered-in vessels). Scorpio's fleet is unrivaled in its modernity, with zero vessels built prior to 2012. Their leverage is very high, but they resolved all near and medium-term concerns via a massive equity dilution in late-2018 at $18.50/sh. This was a brutal dilution, but they did repurchase about 1.35M shares at $17.20 to defend that pricing.
STNG is swimming in cash now that rates are rising. I expect full redemption of remaining 2019 convertible notes later this year along with all near-term baby bonds. As we discussed last quarter, now that they took their medicine with the big dilution, STNG is finally investible for non-extreme risk takers, especially since product tanker rates and sentiment have also been on the upswing."
This is extremely bullish commentary and is echoed within the analyst community
Average analysts recommendation BUY
Average analysts price target $35
14 BUY
1 Hold
Company Description
Scorpio Tankers , Inc. engages in the provision of marine transportation of petroleum products. It operates through the following segments: Handymax, MR, LR1/Panamax, and LR2/Aframax.
$STNG CONTINUED BREAKOUT IN SCORPIO TANKERS 70% IN 2 MONTHS.We expect a sizable move in Scorpio Tankers in the coming days , analysts were already bullish on the stock and it has once again received a upgrade from JP Morgan to overweight with a $34 price target today. They shipping stocks have been in a bear market for many years but that has now changed. The chart of STNG has formed a lovely base and is now set to continue its breakout towards the $30 range and higher.
Average analysts recommendation BUY
Average analysts price target $35
14 BUY
1 Hold
Company Description
Scorpio Tankers, Inc. engages in the provision of marine transportation of petroleum products. It operates through the following segments: Handymax, MR, LR1/Panamax, and LR2/Aframax.
Interesting play on the Sulphur scrubbersIn a brief window tanker prices can earn all ther money with 2.3 quaters,
Taken a small position, expecting a pullback where i might buy more .. goal is to move up the stops.
STNG - ACCUMULATIONGreart Accumulation Example for STNG
ENTRY AT 20.42
Stop at Entry point and giving the trade to work after Accumulation Phase
NYSE:STNG
expect breakout from the pennant it's getting tighter and tighter, looks like it will break out in the next couple months....keep an eye on it
Short it Good!I think we are in the wave 4 retracement, for a downward impulsive wave.
Wave 2 retrace to between 0.23 and 0.38 fib levels, so I hink were gonna go to 0.618 fib level in wave 4, which we have ust saw and bounced from. I think theres gonna be one move wave down.
Short market price 2.69
stop loss 2.79
take profit at 1.39 (below 2.6 because wave 3 went to below 1.6)
