TNK/N trade ideas

troublefreetrading Updated 

Price is just pulled back, the stock is in a strong uptrend.

EndlessCode

Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; and offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products. It also provides tanker commercial and...

RizeSenpai

Teekay Tankers is a Marine Shipping company that is a Subsidiary of The Teekay Corporation, and it mainly focuses on the Shipping and Storage of oil. Recently, the BDI has begun to rise, and oil demand has picked up, leading to increased demand for dry bulk shipping. Despite this one already being up a bunch, I do think it has formed a nice enough Cup with Handle...

ntran3

--Look like $TNK making the handle of the cup. --go long if it break $33.34 --target at 41.39 (gap on far left side need to fill)

Bixley

This is what I would call an Ascending Double Bottom structure With the left hand of the bottom being lower than the right hand I expect a further breakout towards the red line on this Weekly timeframe From there price can either do a full reversal or be rejected from this Red Line.

zhasan92hz

*TNK Made a New 52 Week High *Almost 3 times of average volume on breakout candle *Last dip held by 200 DMA *Measured Target 22$

noodle17

TNK is currently trading at a significant discount to its NAV. A 1:1 share price with Scorpio Tankers was quite transparent on the way down in May - Nov. I am expecting a rapid catch back up as TNK gets added back to the Russell. Looking for a Test of $26 as it breaks the pivot of $16.30 on volume. This will be fundamentally supported by accumulation from...

stockbroker2k

It is looking currently like we are in a scenario that with a quick running inflation period possibly looming, and markets being considered for a 20% dive, the tankers might be a nice soft spot to land. Oil went through a negative contango, as well as a massive over-profit for spot charters. Currently TNK is sitting about 47% off of the highs from 2020, and...

Champion-Vibe Updated 

MID-TERM: Bull flag, bounce off 200 day MA, bounce off .50 retrace, hidden bullish divergence, bullish pinbar candle, over major historical support. (not financial advice) The second trade box is the literal trade, and the first one just shows where to lock in some profit.

ForexTradingSchool Updated 

Resistance has been broken, lets gamble Queue to sell tonight ACTC at market IPOE at market NNDM at market NIO at market Remaining stock in portfolio YINN WNW QS LIZI

shkspr Updated 

NYSE:TNK Possible Scenario: LONG Evidence: Price Action, moved ABOVE Keltner channel, Break out confirmed TP1 ~17.5, Until 19 March, 28% Profit I have call options for 19 March, Strike 17.5$, Trade QTY: 1443, OI: 17 Recommendation rating on yahoo finance is 2, Fair price is: 45.44 This is my idea and could be wrong 100%

duco1

Created a nice W- formation on strong weekly support. Broke and retested the trendline. Now just waiting for a retest of the neckline to complete the W-formation. If it finds support on the neckline it’s a buy.

Champion-Vibe Updated 

LONG-TERM: Falling wedge over a critical support, with 4hr and daily classic bullish divergence.(Not financial advice)

Phantom_007

Based on supply and demand strategy I see an opportunity for a 30% profit in $TNK

PaulusNissinen

TNK just broke out of the falling wedge and bounced from daily RSI 30

BoneFunkenstein

Good for 10-15% move Monday - Wednesday

kdubbw12

At 200sma and looks different than the general markets.

jerryas

Expecting 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.