Scorpio Tankers Inc.
Long

Bottom in?

177
First lets take a look at the monthly we can see bullish divergence. Moreover this is in a massive falling wedge.
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Now we can switch over the weekly
We see bullish divergence and we also see smaller sell volume on the weekly and a smaller candle body indicating weaker sell pressure( not closed yet but we will see how the rest of the week plays out) . This looks like a good recipe for a double bottom imo.
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Now let us switch to a smaller time frame such as the 4 hour
We are currently inside a falling wedge and we have just rejected the all time lows with bullish divergence that can be seen on the 4h and daily. I believe this area is a very strong buying area for a great position trade.


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