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Scorpio Tankers Inc.

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STNG trade ideas

Something is going onThe stock has caught attention of a few famous hedge fund managers. That's why I am having a look at this stock Reading through the Q2 presentation, I am quite convinced with the future of this company. Mainly it's because of the easing of lockdowns due to COVID -19, increased in vaccination. Meaning, there will be more economic activities , travelling and factory operation. Meaning it will be good news. On top of that, I think many countries and people are exhausted from the COVID restrictions and most likely more and more countries are following suit in reopening the economy. With closing of multiple refineries, that will be good prospect for the company. Not exactly a fundamentalist I am. Should just read the presentation From the TA point of view: The chart has been creating a falling descending wedge for years which is beginning the narrowed down. A falling wedge is always a bullish reversal of price trend. That is evidence in the weekly chart. Also, the volume is increasing compared to previous years. The RSI and MACD making a higher low. Zooming to the daily chart, the price chart is seemingly doing a cup and handle pattern, which the price sitting at 0.382 support. It can be seem also as the completion of wave 2 ready for a wave 3. If price do break the top line of the falling wedge, we might expect the price to hit 23 dollars. Co-incidentally, that forms a reverse head and shoulder. Drawing the possible neckline of the reverse head and shoulder, it crosses the 23 dollars. Crossing the 23 dollars mark, it will send the price to $33, $47 and then $60. Yup, people might be saying I am high on something. But I do get high smelling money. Don't forget, if this is the wave 3, then it might probably do.. Do welcome any comments
NYSE:STNG
by V12bull
2
Riding the Red Slide!NYSE:STNG Bought puts at the very top on May 4th right when markets opened. Sold them today with some nice gains. Rode the puts for 7.5% (The stock dipped 7.5% - about $1.60) I was tipped off about this stock by stocksoptionschanel.com - they publish daily articles about unusual options activity. >Homepage --> "Articles" --> Notable Options Activity Articles I sort through their articles and find different options that stick out to me. From there I hop on Tradingview and run charts on each stock that interested me - I make a note of it, wake up the following morning, right when markets open, and place my orders. So far its been working great for me. Let me know if this helps you, I would love some feedback/dialogue Godspeed
NYSE:STNGShort
by EconomicalJacket
STNGSTNG is attempting to break free of a possible Wyckoff Accumulation base, if successful, the projection based on Elliotwave theory, suggest the potential to return 4x the risk amount, if entered within the current price range. David is a swing trader with over 15 years of experience in the equities markets. A promoter of proper Risk Management thru Position Sizing and a philosophy of “base hits win games”. His aggressive style has a conservative twist focused on trend reversal setups. He is well versed in Chart Analysis, including Elliot Wave, Patterns, Fibonacci and Price Action pattern recognition. Do you like his Trade Set Ups? Don`t have time to search thru thousands of charts to find a great Trade Idea? Daves Aggressive Stocks @ Green Bridge Investing
NYSE:STNGLong
by davidconnelly