$STNG - decision time

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Tanker companies are en route to record profits in Q2. For STNG, volatile oil prices and storage #s have increased volatility. Sitting on the trend line, look for a break north to reflect actual performance or south to double bottom at the 52W lows.
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If trendline breaks, the potential for a double bottom exists

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Chart PatternsTechnical IndicatorsSTNGtankersTrend Analysis

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