GSL looking good
I think GSL will take off as it just bounced off it 200 day MA.
Price target of 30+, personally expecting 40.
J Mintzmyer has a price target of 45, and he knows more far more about shipping than I do.
May is usually where shipping does a comeback, and don't see this time being different. These shipping rates should remain high as China has their Zero - Covid policy combined with the US shipping negotiation.
Bear case:
Shipping rates collapse and drags GSL with it (even though they have secured contracts far out in the future.)
Current discussed polices that limit shipping margins to soften rates (Though this alone won't be much of a hindrance).
Price target of 30+, personally expecting 40.
J Mintzmyer has a price target of 45, and he knows more far more about shipping than I do.
May is usually where shipping does a comeback, and don't see this time being different. These shipping rates should remain high as China has their Zero - Covid policy combined with the US shipping negotiation.
Bear case:
Shipping rates collapse and drags GSL with it (even though they have secured contracts far out in the future.)
Current discussed polices that limit shipping margins to soften rates (Though this alone won't be much of a hindrance).
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.