📍 Ticker: 
STNG (Scorpio Tankers Inc. – NYSE)
📆 Timeframe: 1D (Daily)
📉 Price: $45.62
📈 Pattern: Inverted Head & Shoulders + Breakout from Long-Term Falling Resistance
📊 Breakout Probability (estimated): 93% breakout success, 83% to measured target
🔍 Technical Setup:
STNG has completed a confirmed breakout from a textbook Inverted Head and Shoulders pattern, reinforced by a multi-month descending trendline break. This aligns with a multi-technical confluence zone, with the neckline holding as support.
✅ Classic reversal structure
📈 Strong breakout candle with volume > 2x average
🟢 RSI above 64 and no bearish divergence
📐 Measured move projection suggests two major upside targets
📏 Target Projections (from breakout at $41):
🎯 Target Price Return
Target 1 $51.98 +22.5%
Target 2 $65.83 +44.0%
📌 Both targets align with prior horizontal resistance and upper descending trendline intersections
🧠 Trade Plan:
📥 Entry Zone: $44.50 – $46.00 (post-breakout, wait for confirmed structure)
⛔ Stop-Loss (Trailing): Start below $40.00 → trail as price confirms above $48.00
🔁 Partial stop logic: Use under neckline, then adjust dynamically with trend support
📊 Estimated Probabilities:
📐 Pattern: Inverted Head & Shoulders
🔺 Breakout success rate: 93%
🎯 Target met probability: 83%
🔁 Throwback chance: 68% → ideal entry if price retests $41
⚠️ Technical Signals to Monitor:
🔎 Volume remains elevated → confirms institutional interest
✅ RSI trending above 60 → bullish momentum intact
📉 Wide base and upward neckline = higher success probability
📈 Price now in upward sloping channel → bias continues up unless trendline fails
💬 STNG is delivering a clean multi-pattern breakout, backed by volume, RSI confirmation, and a textbook technical structure. If momentum holds, this setup may be one of the highest-probability mid-term swing plays on the NYSE right now.
Follow TargetTraders for high-probability technical trades
#STNG #TechnicalBreakout #InvertedHeadAndShoulders #PatternTrading #ChartPatterns #NYSEStocks #VolumeBreakout #SwingSetup #BreakoutTrade #SwingTrade #TargetTraders
STNG (Scorpio Tankers Inc. – NYSE)📆 Timeframe: 1D (Daily)
📉 Price: $45.62
📈 Pattern: Inverted Head & Shoulders + Breakout from Long-Term Falling Resistance
📊 Breakout Probability (estimated): 93% breakout success, 83% to measured target
🔍 Technical Setup:
STNG has completed a confirmed breakout from a textbook Inverted Head and Shoulders pattern, reinforced by a multi-month descending trendline break. This aligns with a multi-technical confluence zone, with the neckline holding as support.
✅ Classic reversal structure
📈 Strong breakout candle with volume > 2x average
🟢 RSI above 64 and no bearish divergence
📐 Measured move projection suggests two major upside targets
📏 Target Projections (from breakout at $41):
🎯 Target Price Return
Target 1 $51.98 +22.5%
Target 2 $65.83 +44.0%
📌 Both targets align with prior horizontal resistance and upper descending trendline intersections
🧠 Trade Plan:
📥 Entry Zone: $44.50 – $46.00 (post-breakout, wait for confirmed structure)
⛔ Stop-Loss (Trailing): Start below $40.00 → trail as price confirms above $48.00
🔁 Partial stop logic: Use under neckline, then adjust dynamically with trend support
📊 Estimated Probabilities:
📐 Pattern: Inverted Head & Shoulders
🔺 Breakout success rate: 93%
🎯 Target met probability: 83%
🔁 Throwback chance: 68% → ideal entry if price retests $41
⚠️ Technical Signals to Monitor:
🔎 Volume remains elevated → confirms institutional interest
✅ RSI trending above 60 → bullish momentum intact
📉 Wide base and upward neckline = higher success probability
📈 Price now in upward sloping channel → bias continues up unless trendline fails
💬 STNG is delivering a clean multi-pattern breakout, backed by volume, RSI confirmation, and a textbook technical structure. If momentum holds, this setup may be one of the highest-probability mid-term swing plays on the NYSE right now.
Follow TargetTraders for high-probability technical trades
#STNG #TechnicalBreakout #InvertedHeadAndShoulders #PatternTrading #ChartPatterns #NYSEStocks #VolumeBreakout #SwingSetup #BreakoutTrade #SwingTrade #TargetTraders
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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.