Long
EuroNav / Nice potential a nice 30 % return in short term
EURONAV the oil shipping company shows a nice opportunity to reach higher price level in the short term.
The stock has fall dramatically from its peak in late 2015 to reach a low in august 2017.
If the stock can trace back through the 1st fibonacci level at 8.18 € there is a good opportunity for the stock to reach the next level at 9.54 (+16.5%) and to go even higher towards 10.43 ( 29 % return ).
Fundamentals of the company are good as well as the oil shipping industry is getting traction with the increase of the demand and due to some geopolitical tension.
A good investment opportunity to my opinion with a great upside within 2-3 months
The stock has fall dramatically from its peak in late 2015 to reach a low in august 2017.
If the stock can trace back through the 1st fibonacci level at 8.18 € there is a good opportunity for the stock to reach the next level at 9.54 (+16.5%) and to go even higher towards 10.43 ( 29 % return ).
Fundamentals of the company are good as well as the oil shipping industry is getting traction with the increase of the demand and due to some geopolitical tension.
A good investment opportunity to my opinion with a great upside within 2-3 months
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.