Short DHT to around 5.5 before continuing uptrend to 30$+Trendline support, strong resistance on DHT.. short short-term.. But bullish longterm! Trend upwards should resume in Decemeber 2021
DHT
DHT getting Ready to make a Move ?I believe #DHT is ready to make a move to the upside.
I am not a financial advisor, this is for entertainment only.
Only invest with money you can afford to lose.
VERY strong bullish signs for DHT. Holding this for a few monthsNoob TA attempt: expecting this one to be huge. Holding this for a few months
DHT (Dhedge DAO) to USDT$2.19 by 13-14 Jan 2021Possible if it follows the same pattern as from its previous dip. If this plays well, VPCI would be a great indicator for trading DHedge
DHT Buying & Take profit LevelLoad up more at 5.06$ , 4.40$ , 3.95$
Take profit... 6.45$, 8.65$
Using Support & resistance levels
DHT short term scalp opportunityDHt coming up on a lower trend; buy short term long; look to buy at trend support 4.96; stop loss 4.77; target profit 5.33
LONG DHTExpecting 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.
$DHT LongI don't know if wave theory really even works but It helps me organize my thoughts. DHT and tanker companies are in a really good position with the oil collapse, but if the S&P collapses any further it could drag down everything with it. Projected EPS is around 50 cents for q2 2020, a %330 percent increase from q2 2019, at 19 cents, and reports come out may 13th.
This time last year $DHT traded at 4.80 a share and assuming a %330 increase of EPS, which could very well be sustained throughout the coming recession and global shutdown, the stock could be expected to itself experience a %330 increase from 4.80 and reach around $12 a share, which follows a loose trend line from previous highs, and also matches a 38.20% fib extension for wave 4 I did, which I ended up doing incorrectly :/ but maybe its a sign regardless. Let me know what you think.
Anyways, trade how you want, I will be checking this to see how correct I am and give updates as I think of things.
DHT: Interesting longer term trade ideaWe can take a longer term position in DHT. It goes ex-dividend soon, has a very high paying dividend (14% dividend yield) plus a 25% free cash flow yield and manageable debt levels. I like how it has been outperforming the market recently, and how the monthly technical chart looks. Looks promising.
Enter longs at market with stop at 4.19, aim for 11.15, in the long term.
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Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
