Thread by @malteseinvest

Analysis: #NYSE: #DHT

Case 33 #DHT Holdings Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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DHT 1/6

The monthly chart looks like a disaster, but after years of lethargic movement a triple bottom was formed between 2017-2018 and DHT Holdings is now a solid buy. A break/close above 9.05 targets 12.25 then 15.00 further out the long term target $25.00

DHT 2/6

Chart 1
Weekly Chart: The solid up move began Feb 2019. A break/close above 9.05 target 9.25 (not 12.85 as per the image)

DHT 3/6

Chart 2
Weekly Chart: A treble bottom and the base has been established. The #SMA 40 has turned positive and supports the current up move. #Pivot supports are visible.

DHT 4/6

Chart 3
Weekly Chart: Price is currently hovering below the #Fib 0.786 @ 8.01, a strong close above targets Fib 0.886 @ 8.62

DHT 5/6

Chart 4
Weekly Chart: The #Strategy - printed on the image.

DHT 6/6