Jan. 17 at 8:13 PM
$STNG is shifting gears as the winter tanker market heats up. 🚢💨
The stock has surged 14.8% over the last two weeks, successfully reclaiming the
$58-60 zone on strong volume. With MR tanker rates holding above
$30K/day and a fresh
$75 price target from BTIG, the path of least resistance is looking decidedly higher into the Feb 11th earnings. The 50/200 SMA "Golden Cross" potential is the next major macro trigger to watch.
Key Levels to Confirm:
🐂 Bulls: Need a daily close above
$59.78 (short-term trendline) to confirm a breakout toward the
$65.00 multi-month resistance.
🐻 Bears: A break below
$57.11 (10-day SMA) would signal a failed breakout and a likely retest of support at
$54.01.
#hovdid
