Building a LONG position on NYSE:STNG at these levels. 1) Continues to build higher free cash flows 2) Transports refined oil products 3) MC currently at $2.4 Bn, valued at $5 Bn presents value 4) Mgmt actively reducing share count = increase share price 5) Recession/OPEC risk -Support looks solid around $44 - I like $70+ as LT PT ( +60% gain) -Obviously...
I think we have a clear buy zone on $VXV. Could see $0.90 soon, in this market of constantly flipping coins. DYOR
-Multiple bottom sitting at $3.74 area -Potential 30% rise to $5 in the mid-term -Pattern looks promising considering S/R lines hit multiple times -Long Term Target is $10 but we now wait for volume As always, DYOR Let me know what you think in the comments!
$APRN looks pretty good to buy right now. It may get down to around 3.7-4 but a previous support at $4 has settled the downturn nicely and then a uptrend to $12 has followed. A descending wedge pattern may taper off soon and then into ascension so be on the lookout for that. I think we'll see an accumulation zone around $4 for a little bit and then a push upwards...
After seeing a multiple bottom at $1.30, we're now seeing a possible ascending channel pattern which could be very profitable for traders. A multiple bottom paired with strong quarterly revenue proves to be very attractive for us. I think we could see $3 in the midterm with some good volume. Let me know what y'all think.