--Cup base pattern
--Breakout from a handle
--Hold support on the long trend line
--Risk: similar pattern of
EURN, these two stocks had merged. EURN earning due in two days. Stocks will react. FED meeting tomorrow, but I don't think the FED meeting will have that much impact on these marine shipping stocks like the tech stocks.
--Reward: Marine shipping stock had good ER. See
STNG, stock was up after earning. There still demand for oil transportation. And I think this is the reason why marine shipping stocks all up from a couple days of pull back.
--Avoid choppy price action.
--Breakout from a handle
--Hold support on the long trend line
--Risk: similar pattern of
EURN, these two stocks had merged. EURN earning due in two days. Stocks will react. FED meeting tomorrow, but I don't think the FED meeting will have that much impact on these marine shipping stocks like the tech stocks. --Reward: Marine shipping stock had good ER. See
STNG, stock was up after earning. There still demand for oil transportation. And I think this is the reason why marine shipping stocks all up from a couple days of pull back. --Avoid choppy price action.
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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.