Symbol: TNK (Teekay Tankers Ltd.)
Timeframe: Daily/Weekly
Strategy: Trend Following - Long Position
🎯 TRADE SETUP
ENTRY: $59.15
STOP LOSS: $51.80
TAKE PROFIT: $73.85
RISK/REWARD: 1:2.0
📊 TECHNICAL ANALYSIS
Trend Structure:
✅ All Timeframes BULLISH (Daily, 4H, 1H)
✅ Higher Highs & Higher Lows pattern intact
✅ Price above all key Moving Averages
Key Levels:
Current Support: $57.00-58.00
Breakout Level: $59.00 (recent resistance)
Next Resistance: $65.00 → $73.85
📈 INDICATOR CONFIRMATION
Momentum & Strength:
RSI (14): 67-72 (Strong momentum, not overbought)
MACD: Bullish crossover above zero line
Volume: Consistent above average on up moves
SMA Alignment: Price > MA20 > MA50 > MA200
Volume Profile:
Accumulation visible at current levels
Institutional interest supporting uptrend
⛴️ SECTOR TAILWINDS
Shipping Industry Catalysts:
Strong tanker rates environment
Global energy transportation demand
Favorable supply/demand dynamics
Seasonal strength in shipping sector
🎯 TRADE MANAGEMENT
Position Sizing:
Risk: 1-1.5% of capital per trade
Stop: Hard stop at $51.80 (12.4% risk)
Profit Taking Strategy:
TP1: $65.00 (Partial take profit)
TP2: $73.85 (Full position target)
Alternative: Scale out 50% at $65, 50% at $73.85
Time Horizon: 4-12 weeks
⚠️ RISK MANAGEMENT
Invalidation Criteria:
Daily close below $51.80 = Exit trade
Failed breakout below $57.00 = Reduce position
Warning Signs:
Volume drying up on advances
RSI divergence on new highs
Broad market weakness affecting transports
🔄 ALTERNATIVE SCENARIOS
Bullish Case (60%):
Hold above $58.00, rally to $73.85+
Next extended target: $80.00
Neutral Case (30%):
Consolidate between $57-62 before next leg up
Bearish Case (10%):
Stop hit at $51.80, reassess market structure
💡 WHY THIS SETUP WORKS
Clean uptrend across all timeframes
Favorable 2:1 risk/reward ratio
Sector fundamentals supportive
Technical alignment confirms strength
Trade Plan Summary:
#TNK #SHIPPING #TANKERS #TRADINGSETUP #BREAKOUT #UPTREND #ENERGYTRANSPORT
Disclaimer: This is technical analysis only. Not financial advice. Always do your own research and manage risk appropriately. Past performance doesn't guarantee future results.
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Timeframe: Daily/Weekly
Strategy: Trend Following - Long Position
🎯 TRADE SETUP
ENTRY: $59.15
STOP LOSS: $51.80
TAKE PROFIT: $73.85
RISK/REWARD: 1:2.0
📊 TECHNICAL ANALYSIS
Trend Structure:
✅ All Timeframes BULLISH (Daily, 4H, 1H)
✅ Higher Highs & Higher Lows pattern intact
✅ Price above all key Moving Averages
Key Levels:
Current Support: $57.00-58.00
Breakout Level: $59.00 (recent resistance)
Next Resistance: $65.00 → $73.85
📈 INDICATOR CONFIRMATION
Momentum & Strength:
RSI (14): 67-72 (Strong momentum, not overbought)
MACD: Bullish crossover above zero line
Volume: Consistent above average on up moves
SMA Alignment: Price > MA20 > MA50 > MA200
Volume Profile:
Accumulation visible at current levels
Institutional interest supporting uptrend
⛴️ SECTOR TAILWINDS
Shipping Industry Catalysts:
Strong tanker rates environment
Global energy transportation demand
Favorable supply/demand dynamics
Seasonal strength in shipping sector
🎯 TRADE MANAGEMENT
Position Sizing:
Risk: 1-1.5% of capital per trade
Stop: Hard stop at $51.80 (12.4% risk)
Profit Taking Strategy:
TP1: $65.00 (Partial take profit)
TP2: $73.85 (Full position target)
Alternative: Scale out 50% at $65, 50% at $73.85
Time Horizon: 4-12 weeks
⚠️ RISK MANAGEMENT
Invalidation Criteria:
Daily close below $51.80 = Exit trade
Failed breakout below $57.00 = Reduce position
Warning Signs:
Volume drying up on advances
RSI divergence on new highs
Broad market weakness affecting transports
🔄 ALTERNATIVE SCENARIOS
Bullish Case (60%):
Hold above $58.00, rally to $73.85+
Next extended target: $80.00
Neutral Case (30%):
Consolidate between $57-62 before next leg up
Bearish Case (10%):
Stop hit at $51.80, reassess market structure
💡 WHY THIS SETUP WORKS
Clean uptrend across all timeframes
Favorable 2:1 risk/reward ratio
Sector fundamentals supportive
Technical alignment confirms strength
Trade Plan Summary:
#TNK #SHIPPING #TANKERS #TRADINGSETUP #BREAKOUT #UPTREND #ENERGYTRANSPORT
Disclaimer: This is technical analysis only. Not financial advice. Always do your own research and manage risk appropriately. Past performance doesn't guarantee future results.
✅ Like if you find this analysis helpful!
🔔 Follow for more high-probability trade setups!
🔄 Share if you're also bullish on shipping!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.