Awaiting first trading days of the next week to see if this formation takes place. Imo probabilities to take place are <30%
Really 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 head and shoulders formations , target gap fill $28.30
STNG shares have displayed a "running MACD bull divergence" for months. The stock is now breaking out in strong form as everyone wakes up to the idea that the folks who own the floating oil storage resources will be at a premium when people are paying to not have oil.
There is a gap at 16.33 that if this formation holds true it leads exactly there