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Allenvik

STNG is looking to recoup some ground.

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Scorpio Tankers Inc. (NYSE:STNG)  
Allenvik  
NYSE:STNG   Scorpio Tankers Inc.
Trend Analysis Fundamental Analysis STNG Bullish Patterns recovery Oil tankers
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trendanalysis fundamental stng bullish recovery oil tankers
Oil Tankers have experienced a lot of uncertainties due to the pandemic in 2020, however it is clear that the worse is behind us. Oil it will slowly drift higher and so tankers like Scorpio will benefit from that.
My primary target for STNG in the next 6 months, is on its immediate major FIB level, around $18.
Let's wait and see how it will go in the next couple months.
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