A stock thats become a free cash printing machine
With the blockade in the red sea the stock looks primed to now mmove upwards..
Prices of both container and product tankers has shot up. In the case of VLCC's is similar to its June'23 peaks also.
The co which works on short term leases will be booking some great contracts.
Long at current prices with stoploss below 940.
I would double up the allocation above 1000 (Wedge breakout) and then shifting my SL to 970.
With the blockade in the red sea the stock looks primed to now mmove upwards..
Prices of both container and product tankers has shot up. In the case of VLCC's is similar to its June'23 peaks also.
The co which works on short term leases will be booking some great contracts.
Long at current prices with stoploss below 940.
I would double up the allocation above 1000 (Wedge breakout) and then shifting my SL to 970.