🎯 Trade: Long (Buy)
📊 Timeframe: Daily (D1) / Swing Trade (5-10 days)
💰 Entry: $11.65 (Current level + RSI2 confirmation)
🛑 Stop Loss: $10.77 (Below key support & SMA 20)
🎯 Take Profit: $13.62 (Resistance zone + R:R 1:2)
📉 Risk/Reward Ratio: 1 : 2.0
🔍 Technical Analysis
✅ RSI2 Momentum Signal:
RSI2 Connors Strategy triggered a "Buy signal" on Aug 18-19, indicating short-term oversold conditions have reversed.
This signal often precedes short-term bullish momentum swings.
✅ Trend & Price Action:
Primary Trend: Daily trend is Alcista (Bullish).
Price is trading above SMA20 ($11.29), confirming short-term strength.
Immediate resistance break could accelerate momentum toward $13.
✅ Volume & Momentum:
Volume is supportive of the move.
RSI (normal) is at ~57, showing healthy momentum without overbought conditions.
📈 Fundamental Context
Moderate Growth: Net Income showed moderate growth YoY.
Low Debt: Strong balance sheet with manageable debt (Debt Score: 8/10).
Valuation: Fairly valued on P/B but slightly overvalued on P/S. This is a technical-driven trade, not a long-term fundamental hold.
🎯 Why These Levels?
Entry ($11.65): Optimizes risk-reward near current levels with RSI2 confirmation.
Stop Loss ($10.77): Below SMA20 and recent swing low. Protects against failed momentum.
Take Profit ($13.62): Targets the next resistance zone + aligns with a clean 1:2 R:R.
⚠️ Risk Considerations
Swing Trade Only: This is a short-term momentum play based on RSI2.
Market Sentiment: Shipping stocks are sensitive to oil volatility and global trade sentiment.
Always use a stop loss. Do not risk more than 1-2% of your portfolio.
📢 Conclusion
DHT offers a clean swing trade setup:
✅ RSI2 Connors Buy Signal active.
✅ Bullish daily trend with price above SMA20.
✅ Strong risk-reward (1:2).
I am long DHT at $11.65 for a swing toward $13.62.
🔔 What do you think? Will the RSI2 momentum continue?
#Trading #Stocks #DHT #Shipping #RSI2 #Connors #SwingTrading #Momentum
Disclaimer: This is not financial advice. This is a short-term technical trade based on RSI2 signals. Fundamental outlook is neutral. Manage your risk and do your own research.
📊 Timeframe: Daily (D1) / Swing Trade (5-10 days)
💰 Entry: $11.65 (Current level + RSI2 confirmation)
🛑 Stop Loss: $10.77 (Below key support & SMA 20)
🎯 Take Profit: $13.62 (Resistance zone + R:R 1:2)
📉 Risk/Reward Ratio: 1 : 2.0
🔍 Technical Analysis
✅ RSI2 Momentum Signal:
RSI2 Connors Strategy triggered a "Buy signal" on Aug 18-19, indicating short-term oversold conditions have reversed.
This signal often precedes short-term bullish momentum swings.
✅ Trend & Price Action:
Primary Trend: Daily trend is Alcista (Bullish).
Price is trading above SMA20 ($11.29), confirming short-term strength.
Immediate resistance break could accelerate momentum toward $13.
✅ Volume & Momentum:
Volume is supportive of the move.
RSI (normal) is at ~57, showing healthy momentum without overbought conditions.
📈 Fundamental Context
Moderate Growth: Net Income showed moderate growth YoY.
Low Debt: Strong balance sheet with manageable debt (Debt Score: 8/10).
Valuation: Fairly valued on P/B but slightly overvalued on P/S. This is a technical-driven trade, not a long-term fundamental hold.
🎯 Why These Levels?
Entry ($11.65): Optimizes risk-reward near current levels with RSI2 confirmation.
Stop Loss ($10.77): Below SMA20 and recent swing low. Protects against failed momentum.
Take Profit ($13.62): Targets the next resistance zone + aligns with a clean 1:2 R:R.
⚠️ Risk Considerations
Swing Trade Only: This is a short-term momentum play based on RSI2.
Market Sentiment: Shipping stocks are sensitive to oil volatility and global trade sentiment.
Always use a stop loss. Do not risk more than 1-2% of your portfolio.
📢 Conclusion
DHT offers a clean swing trade setup:
✅ RSI2 Connors Buy Signal active.
✅ Bullish daily trend with price above SMA20.
✅ Strong risk-reward (1:2).
I am long DHT at $11.65 for a swing toward $13.62.
🔔 What do you think? Will the RSI2 momentum continue?
#Trading #Stocks #DHT #Shipping #RSI2 #Connors #SwingTrading #Momentum
Disclaimer: This is not financial advice. This is a short-term technical trade based on RSI2 signals. Fundamental outlook is neutral. Manage your risk and do your own research.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.