Marine shipper DHT Holdings, Inc. (DHT) has shrugged off headline threat recently, exhibiting optimistic momentum throughout time frames. The inventory broke out of a 10-year basing section in late 2022, offering a long-term tailwind that continues to be related right this moment. Regardless of a pointy correction early final yr, a long-term uptrend is undamaged per the rising weekly cloud mannequin (shaded space on the chart). The cloud mannequin, often known as Ichimoku, is a forward-looking indicator from Japan. The cloud mannequin is derived from mid-points of value and projected ahead. The slope of the cloud can be utilized as a gauge of the prevailing development, and the boundaries can perform as assist and resistance. From a short-term perspective, DHT lately cleared preliminary resistance from the 50-day shifting common and has the assist of our each day momentum indicators. The minor breakout has additionally resulted in upward shifts in our intermediate-term indicators (see chart), which makes preliminary resistance from the November excessive look surmountable. A breakout above the November excessive would full a year-long triangle formation in a bullish technical catalyst for the inventory. DHT has additionally seen a notable shift in momentum relative to the S & P 500 after a pointy section of underperformance in November and December. The chart has no indicators of upside exhaustion from our overbought/oversold metrics, which differentiates it positively, noting many shares look drained within the close to time period after robust runs in late 2023. Ought to DHT breakout out above trendline resistance, a long-term (1+ yr) value goal as aggressive as $14.85 could possibly be derived from the triangle formation. We want to see the inventory maintain up above its 50-day MA, at the moment $10.25, to protect its bullish near-term setup. —Katie Stockton with Will Tamplin Entry analysis from Fairlead Methods without spending a dime right here . DISCLOSURES: (None) THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL’S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click on right here for the complete disclaimer. 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