STNG the most pessimistic scenario All i can see is positive graphs about STNG medium-long term. There is not even one who says that this could crash to below $10. Be careful if this formation takes place...
STNG trade ideas
STNG, tanker stock at a perfect level. - Fundamentally sound, good balance sheet
- Trading at a perfect level right now, with a great RR ratio.
- CEO bought million(s) in call options, expiring 2021.
- Unlikely to trend much lower at this level.
$STNG Buy The Dip, The CEO Expecting the Best Q2 Earnings EverScorpio Tankers Inc lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity.
The stock currently holds a RSI14 at 24 and is oversold on RSI14.
Scorpio Tankers Inc finds support from accumulated volume at $16.79.
"For Scorpio Tankers, it's extraordinary, we literally... we could well have in the second quarter of this year earned as much money, income, eps, cash flow, under any measure than any previous year of the company's history." -Robert Bugbee
Earnings Date : Wed 29 Jul (In 65 Days) Before Market Open (Confirmed)
STNG ex-Dividend for $0.10 on 05/29/2020
$STNG Lower Trend Line Buy Zone PotentialCEO Interviews Said Q2 Rocks !
"Super Cycle" According to CEO Robert Bugbee
"For Scorpio Tankers, it's extraordinary, we literally... we could well have in the second quarter of this year earned as much money, income, eps, cash flow, under any measure than any previous year of the company's history." -Robert Bugbee
Recently Saw an Inverse Head & Shoulders, IHS Pattern February thrue April
STNG On the 4HRCould go either way, I'm leaning bullish although low volume is worrisome. Price-wise, it looks to be seller exhaustion with some indicators pointing to a relief-rally, however big. I don't care about macro-events just looking at charts, I think buyers have some room here.
Still bagholding over hereTake what I say for a grain of salt on this one. I am still bagholding hard on this one but we finally broke out of resistance and q2 results will look great. Also the dividend won't hurt anything this month. Wish me luck and probably don't listen to me on this one! In my defense I did say 6 month hold :)
$STNG - decision timeTanker companies are en route to record profits in Q2. For $STNG, volatile oil prices and storage #s have increased volatility. Sitting on the trend line, look for a break north to reflect actual performance or south to double bottom at the 52W lows.
No paing no gain!This is my view for the long term for STNG probably it's going to be really bad before it gets any better.
High Implied volatility for $23 calls on 15th of May!!!Check the apex time of this bullish descending wedge and combine it with this: finance.yahoo.com Maybe i say maybe something is baking here!!!
Gimme hope Joanna gimme hope for this ship to turn around!Hey all,
As we can see the contago play is off and be aware that the street is always smarter than me and you and the good Q1&Q2 were already baked in the price. Oil production has been reduced a lot therefore it's price has found a balance over the last week. As more people return from lockdown demand will slightly rise but still with so big production cut i expect the oil to find a balance around here? So with so much stored oil.. the ship rates are going to go down for the upcoming 3-6 months. Last chance for STNG in the upcoming hours to see where this is heading...
Finally found some support- Earnings coming up Found some support friday and may get another contango situation this month. Hold this stock until the oil glut disappears. This is advice only and make your own trades. I will be holding through earnings.
Is this a bear flag? We'll find out todayStng 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...
STNG Bullish possiblySTNG - With oil prices so low and demand reduced due to corona virus there is excess oil needing to be stored so bullish on tankers for next 1-3 years. 2/3 last times it has broken middle bollinger band on the weekly chart it has done 100% moves, the other time 30%. Could be forming a nice curve bottom here. Volume increasing. Needs to get above 50MA and will turn bullish. Could be a good hold for the next 12 months, watch carefully.
Problemo for STNGOil 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!
SCORPIO TANKERS INCif price breaks with force $25.80 next target $28.77
and each time he breaks a level he will seek the level above (in green).
if price breaks with force $23.30 next target $20.91
and each time he breaks a level he will seek the level above (in red).
Ready for a quick espresso?Awaiting first trading days of the next week to see if this formation takes place. Imo probabilities to take place are <30%
STNG - Scorpio Tankers LTD Bullish chartlong on all tanker stocks because of high income of this company in 2020. This is a ones in a lifetime payday or better pay year for them.
They also pay high divident so these stock have to go up.. that's my humble opinion :-)
STNG- tankers in generalReally no chart needed and no idea if the lines mean anything right now. All you need to know is to buy tankers and hold them for 6 months. Do you DD and look into tanker rates, the oil glut is a boom for tankers. Get in while you can (6-month timeline)
STNG - Long Swing SetupOil Tanker space getting a lot of action. Nice risk reversal setup with volume action.
STNG - Board the Tanker to new highs ?Tankers stocks are trending up with the actual Oil crisis if the conflict escalates tanker stock may skyrocket to new highs.
Following the recent run and the historical day we liver on 20/04/2020, the stocks had a huge rally but RSI is showing overbought condition and Price has been rejected by 200 Day EMA. we might go back to the 50 EMA (hourly), the 20$ level can be a good entry point to join the ride.
