I don't know if wave theory really even works but It helps me organize my thoughts. DHT and tanker companies are in a really good position with the oil collapse, but if the S&P collapses any further it could drag down everything with it. Projected EPS is around 50 cents for q2 2020, a %330 percent increase from q2 2019, at 19 cents, and reports come out may 13th.
This time last year
DHT traded at 4.80 a share and assuming a %330 increase of EPS, which could very well be sustained throughout the coming recession and global shutdown, the stock could be expected to itself experience a %330 increase from 4.80 and reach around $12 a share, which follows a loose trend line from previous highs, and also matches a 38.20% fib extension for wave 4 I did, which I ended up doing incorrectly :/ but maybe its a sign regardless. Let me know what you think.
Anyways, trade how you want, I will be checking this to see how correct I am and give updates as I think of things.
This time last year
DHT traded at 4.80 a share and assuming a %330 increase of EPS, which could very well be sustained throughout the coming recession and global shutdown, the stock could be expected to itself experience a %330 increase from 4.80 and reach around $12 a share, which follows a loose trend line from previous highs, and also matches a 38.20% fib extension for wave 4 I did, which I ended up doing incorrectly :/ but maybe its a sign regardless. Let me know what you think.Anyways, trade how you want, I will be checking this to see how correct I am and give updates as I think of things.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.