$TNP can rise in the next days
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Contextual immersion trading strategy idea.
Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide.
Due to the oil price lowering, the demand for oil tanker transport companies rose. Their clients use the tankers for oil storage.
The demand for shares of the company looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $4,05;
stop-loss — $3,90.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide.
Due to the oil price lowering, the demand for oil tanker transport companies rose. Their clients use the tankers for oil storage.
The demand for shares of the company looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $4,05;
stop-loss — $3,90.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
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