NYSE:TK
Please correct me if I am wrong. I am just a beginner
What I see:
- 8-4-22 We broke out of a symmetrical triangle.
- The breakout occurred on above average volume.
- The breakout was followed by a small rally, up to the high of 19-1-22, TK then pulled back to a former resistance level near the breakout point, hopefully this former level will become...
I like the consolidation in the $3-$3.22 range over the last couple weeks and the slight gap up at yesterday's open.
The price is still well bellow the YTD POC line ($3.33) and closed above the .23 fibonacci level and the MACD is crossing. All indicators are very bullish.
Targets: $3.34, 3.54, 3.88
So this is an investment I've been scaling into at $2.00 levels for my long-term portfolio. Really think this is a great long-term play.
Looking for a move to MINIMUM $12. From there, I will manage my position, shed some risk, but ultimately, I'm anticipating TK to hit $27 per share.
I will keep scaling in whenever I'm given buy opportunities
Lots of positives here.. I could be wrong...
it might dip in March to get in.. or will it go up for while?
Not sure about that ascending triangle but the fact that it broke through implies it doesnt matter?
MACD is curling up and the most recent candle closed above the 50% fibonacci level after testing the 61% level. Also the rsi is rising but still relatively low.
1st target 2.89
2nd target 3.38
head and shoulders with bullish divergence. it appears to be braking out. waiting for retest to enter. very low risk trade as long as the market isn't in a decline which is expected soon.
This chart should resolve VERY soon. Green trend line is the trigger to go long. Red line is the trigger to go short . Low floater (69M oustanding, 5.8% short )
TK is another Tanker breakout play running out of a MACD Bull Divergence setup.
Note the volume on this move: this is a significant event in the chart history for this stock as long as it isn't quickly given back (which would suggest a bull trap risk).
