Plenty of fresh capital coming into this 21% Div yielder…… and it’s gone through a nice short term cycling sitting nicely on hefty support with the indicators starting to turn up again…..
TORM has been awaesome for me the yield is incredible and they are a solid business with a nicely building book of beiness. They just took deliver of 2 more ships adding to their already sizeable fleet
stock has had a nice consistent trend upward and has what apppears to coming around to get ready to start moving again after consolidating a little bit Its sitting at around $32.44 right now right on top of Major support and the indicators show that its largely cycled through a brief consolidation
As I mentioned, at least on all the indicators that I use including MACD and all the others etc. it should start moving up again in the next 24-48 hrs. or so in my opinion. So I like it at this price its on about a dollar under its high and analysts average. onsensus seems to be around $40 for the stock so it got a nice trajectory…..and with the massive dividend…"…..I like it.
I hope everyone is doing well…… 🥳
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