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Scorpio Tankers Inc.

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STNG trade ideas

Learning Price Action Through ObservationLearning Happens when you're open and curious and making observations from what you see. From there, you must be mentally balanced to take action on your observations. In this post, I focus on the price action that happens in the pivot portion of a swing cycle. If you make observations of this area you will see a certain kind of repeating behavior that can help you understand and design methods for trading swings. You will notice that the market likes to wash everybody out of their positions before pivoting to continue its swing. I have a look at two of the ways this shows up in the price action of a pivot. The first is an engulfing bar that expands and swallows at least 3 of the previous bars. The second is a Gap Swap where there will be a WRB Gap making an effort in one direction just to be followed by another WRB GAP that reverses that effort and direction and shows that the balance of power has shifted. This is just a small part of what makes up a swing but it factors into my overall methods and trade plan. You can make observations yourself on pivots and see what you can learn. Shane
NYSE:STNGEducation
by ShaneBlankenship
SCORPIO TANKERS Stock Chart Fibonacci Analysis 070223 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 44.5/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : A A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
NYSE:STNG
by fibonacci6180
Prepare for Impact: Scorpio Tankers Approaching Free FallScorpio Tankers Inc. (STNG) appears to be headed for a downside based on two significant factors - the impact of the oil market and the approach of Wave 3 in the Elliott Wave Theory. The recent downturn in the oil market has hit the entire industry hard, and Scorpio Tankers is no exception. As a company that operates in the oil tanker shipping industry, the drop in oil prices and demand for oil transportation services will have a significant impact on its revenue and earnings. Additionally, from a technical analysis perspective, Scorpio Tankers is approaching Wave 3 of the Elliott Wave Theory. After touching the 0.786 Fibonacci retracement of Wave 2, the stock saw a sharp decline, indicating that Wave 3 may be on the horizon. Based on this analysis, investors should look for the price of Scorpio Tankers to head towards the range of TASE:47 - TASE:43 in the near future.
NYSE:STNGShort
by UnknownUnicorn910751
1
$STNG, good fundamentalsScorpio Tankers Inc., together with its subsidiaries, engages in the seaborne transportation of refined petroleum products in the shipping markets worldwide. Management has been aggressively buying back shares Strong earnings should allow management to continue dividend payments Strong return over the last month Prominent player in the Oil, Gas & Consumable Fuels industry B.Riley analyst raised the price target on Scorpio Tankers (NYSE:STNG) to $80.00 (from $65.00)
NYSE:STNG
by SANMARTIN_M
STNG - Scorpio Tankers - Up 350% over 12 monthsScorpio Tankers and its subsidiaries are involved in the seaborne transportation of refined petroleum products in global shipping markets. Its stock price has had a 350% run so far over the last 12 months, and analysts are forecasting it could get to around $68 or so which is another 20% to go from its current price levels. There are a couple of different pullback type areas where you might be able to get in for better value depending on your strategy that I have identified on the chart above. Could be worth a look.
NYSE:STNG
by zAngus
2
STNG levelsSTNG levels on the 1-day chart: SMA20 Triangular Trend Channel: top = $62.80 R3 = $60.19 R2 = $57.57 R1 = $54.95 pivot = $52.34 S1 = $49.72 S2 = $47.10 S3 = $44.49 bottom = $41.87 Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator www.tradingview.com
NYSE:STNG
by Options360
STNG - LONGSTNG - Long Scorpio Tankers is one of the top Energy Transportation plays Given the Russia Ukraine situation - rates could well remain elevated Paying off debt of $500m + $250m share buyback (relative to a $2bn market cap this is significant!) Management has invested in heavily ships in prior years - giving it a very young fleet (6.5 yrs avg) - as a result management has no plans to purchase/replace ships anytime soon (mentioned on earnings call) - This should free up cashflow Could see another retest of that $37.50 area, but I'm happy to try for a position now
NYSE:STNGLong
by jevanss25
STnG Been on a huge parobolic run. Could b just a minor pull back here Howver daily is showing a double top at that 37 level. I see a potential head and shoulders and a rising channel here. I’m really watching this 35.40 area of course if it pops back in it this means nothing. So we’ll have to wait and see if we can see any rejection here. Otherwise watchinf that 37$ range again. If we do see further rejection in this 35.45 area we may be starting the first sign of a breakdown. Def have to trade this super catious as it’s been very very strong and would suck to be on the wrong aide of it
NYSE:STNGShort
by Erictaylor