Teekay Tankers Ltd - LONGPrice is just pulled back, the stock is in a strong uptrend.Longby troublefreetradingUpdated 1
Nice run but looks to be peaking out...Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; and offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products. It also provides tanker commercial and technical management; and consultancy, procurement, and equipment rental services, as well as manages terminals and vessels. As of December 31, 2022, the company owned and leased 44 double-hulled oil and product tankers, time-chartered in four Aframax/LR2 tankers, and one Suezmax tanker. Teekay Tankers Ltd. was incorporated in 2007 and is headquartered in Hamilton, Bermuda. #stocks #stockmarket #investing #trading #money #forex #investment #finance #invest #bitcoin #business #investor #entrepreneur #cryptocurrency #trader #financialfreedom #crypto #wallstreet #wealth #daytrader #motivation #forextrader #success #daytrading #nifty #forextrading #sharemarket #stock #millionaire #sensexby EndlessCode2
Teekay Tankers: Bullish Cup with Handle Targeting $61.82Teekay Tankers is a Marine Shipping company that is a Subsidiary of The Teekay Corporation, and it mainly focuses on the Shipping and Storage of oil. Recently, the BDI has begun to rise, and oil demand has picked up, leading to increased demand for dry bulk shipping. Despite this one already being up a bunch, I do think it has formed a nice enough Cup with Handle pattern here to try and play for a measured move breakout up to around $61.82.Longby RizeSenpai1
TNK -- Long--Look like $TNK making the handle of the cup. --go long if it break $33.34 --target at 41.39 (gap on far left side need to fill)Longby ntran30
TNK - Bottom StructureThis is what I would call an Ascending Double Bottom structure With the left hand of the bottom being lower than the right hand I expect a further breakout towards the red line on this Weekly timeframe From there price can either do a full reversal or be rejected from this Red Line.by Bixley111
TNK New 52 Week High*TNK Made a New 52 Week High *Almost 3 times of average volume on breakout candle *Last dip held by 200 DMA *Measured Target 22$Longby zhasan92hz3
TNK Magnet PullTNK is currently trading at a significant discount to its NAV. A 1:1 share price with Scorpio Tankers was quite transparent on the way down in May - Nov. I am expecting a rapid catch back up as TNK gets added back to the Russell. Looking for a Test of $26 as it breaks the pivot of $16.30 on volume. This will be fundamentally supported by accumulation from Russell rebalancing and subsequent OPEC meeting July 1st when they are expected to increase production further spurring a spike up in tanker stocks. Longby noodle170
Teekay - Good spot for some inflation hedgeIt is looking currently like we are in a scenario that with a quick running inflation period possibly looming, and markets being considered for a 20% dive, the tankers might be a nice soft spot to land. Oil went through a negative contango, as well as a massive over-profit for spot charters. Currently TNK is sitting about 47% off of the highs from 2020, and relative to where we were in 2017. It's stock price to sales is .5 , as well as a healthy balance sheet of D/E at .5 as well; leaving it to being undervalued, as often goes with tankers. It is about 55% above the lows, but I believe there is still some more left in this one for 2021. Look for a breakout above 15.70 to its next resistance around 18 - 18.50. Longby stockbroker2k1
TNKMID-TERM: Bull flag, bounce off 200 day MA, bounce off .50 retrace, hidden bullish divergence, bullish pinbar candle, over major historical support. (not financial advice) The second trade box is the literal trade, and the first one just shows where to lock in some profit.Longby Champion-VibeUpdated 1
TNK enter at 13.85Resistance has been broken, lets gamble Queue to sell tonight ACTC at market IPOE at market NNDM at market NIO at market Remaining stock in portfolio YINN WNW QS LIZI Longby ForexTradingSchoolUpdated 1
Long | TNK | Swing Trade | NYSE:TNK Possible Scenario: LONG Evidence: Price Action, moved ABOVE Keltner channel, Break out confirmed TP1 ~17.5, Until 19 March, 28% Profit I have call options for 19 March, Strike 17.5$, Trade QTY: 1443, OI: 17 Recommendation rating on yahoo finance is 2, Fair price is: 45.44 This is my idea and could be wrong 100% Longby shksprUpdated 1
Teekay Tankers creating good setup Created a nice W- formation on strong weekly support. Broke and retested the trendline. Now just waiting for a retest of the neckline to complete the W-formation. If it finds support on the neckline it’s a buy.Longby duco1221
TNKLONG-TERM: Falling wedge over a critical support, with 4hr and daily classic bullish divergence.(Not financial advice)Longby Champion-VibeUpdated 3
30% moveBased on supply and demand strategy I see an opportunity for a 30% profit in $TNKLongby Phantom_0073
Long $TNKTNK just broke out of the falling wedge and bounced from daily RSI 30 Longby PaulusNissinen4
LONG TNKExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.Longby jerryas3
Closed the gap from 17 AprilThe gap from 17 April is closed and from here, i expect to rise at 25 usd, if the buyers go stronger, I expect a target for 42 usd, if go through 25.Longby Trader4Life775
TNK: Breaking out of a decade long decline?Nice setup with volume supporting a break of the long term trend line.Longby Trooper265
$TNK - Bullish pattern - only with breaking out 25.74 (close P)"Tanker storage may offer an alternative to land storage, but it is “very pricey” and there are not enough tankers available to solve the problem, he told MarketWatch, adding that rates for very large crude carriers, or VLCCs, have skyrocketed above $100,000 a day for a three-month charter." Not for a suggestion, just an Idea! Good-luck!by Samuel12_1980115
Shipping Stocks$TNK $STNG $NAT Shipping stocks all looking bullish to me, excess oil being produced every day with consumption down means it all needs to be stored somewhere?Longby mattrobo33
WANTED: Oil $TNK for Storage. $0.01 per Barrel OBONYSE:TNK You may have noticed a negative sign in front of WTI crude oil today. Yea, that’s not good... TVC:USOIL It had to do with May Future contracts expiring and an unprecedented amount of oil supply flooding the market.. In short, no one wants to buy 1000 barrels of oil with no where to store it.. the fancy CFA word is called “Contango”, and has to do with the price (or rent) for just holding & storing 1,000 barrels of oil. Bottom line: Oil Storage and Tankers just became a boiling HOT commodity.. (there were 2 puns in that one) I’ve got a target of $45.Longby jgeno444