Navigator Holdings Ltd

NVGS is in a bullish secular and medium-term advance supported by Stage 2 and a Higher Highs & Higher Lows structure, but price is currently extended above rising EMAs and at extreme overbought readings. Immediate entries are unfavorable; we will stalk for a shallow pullback into the 9- and 20-day EMA zone for controlled participation.

• ↑Q2 net income $53 M vs. $21.5 M YoY, EBITDA $101.6 M
• ↑Average TCE rate $33,946/day, +20% YoY
• ↓Vessel operating cost $9,554/day threatens margin expansion