SBLK
SBLK 200%+ ROI Trade Setup from Insiders in CongressNASDAQ:SBLK is gaining some attention today because Senator Tuberville has purchased $100k worth of SBLK stock, a stock that is focused on forestry and mineral shipping. Senator Tuberville sits on the Senate Committee of Forestry and Agriculture so he could have some insider knowledge here.
Buy price: $23 to $24 (I think an entry at $23 is possible, but I wouldn't mind buying at $24).
Sell targets:
- $77.50
- Previous all time highs are around $1,100.
Stop Loss: $22.50, if stopped out the re-entry price is around $16-17.
For now let's see if SBLK can get to $77.50 then we can discuss the other targets.
SBLK - Plotted Channel BreakoutUsing bars patterns to plot a breakout of the underlying green up channel
These bars patterns all three show a strong breakout for the bulls
Circles indicate an inverted H&S structure that is tilted, some would argue that it isn't a H&S structure but I included it anyway
Weekly timeframe
Star Bulk Carriers demotivated. SBLKGoals 27.05, 25.38.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
2/9/22 SBLKStar Bulk Carriers Corp. ( NASDAQ:SBLK )
Sector: Transportation (Marine Shipping)
Market Capitalization: 2.726B
Current Price: $26.66
Breakout price: $27.30
Buy Zone (Top/Bottom Range): $23.95-$21.95
Price Target: $30.70-$31.20 (3rd)
Estimated Duration to Target: 77-82d (3rd)
Contract of Interest: $SBLK 5/20/22 25c
Trade price as of publish date: $3.00/contract
Star Bulk Carriers sinking. SBLK Immediate targets 20 and then 19.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
11/28/21 SBLKStar Bulk Carriers Corp. ( NASDAQ:SBLK )
Sector: Transportation (Marine Shipping)
Current Price: $20.95
Breakout price trigger: $21.00
Buy Zone (Top/Bottom Range): $20.80-$19.60
Price Target: $22.00-$23.20 (1st), $25.00-$26.00 (2nd)
Estimated Duration to Target: 26-31d, 74-80d
Contract of Interest: $SBLK 1/21/22 20c, $SBLK 2/18/22 20c
Trade price as of publish date: $2.00/contract, $2.40/contract
WATCHING $SBLK - Key Levels and Analysis WATCHING $SBLK - Key Levels and Analysis
SBLK looks wildly overdue for a trip back to it’s moving average. That last run broke the macD, LOL!!
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
$SBLK Target 23.37 for 19.54%$SBLK Target 23.37 for 19.54%
Or next add at 17.92
This stock is growing on me in a big way. I’m cleaning up my portfolio and this one is definitely going to make the cut… DIVY’s, growth & options
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
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🟢 NEW POSITION $SBLK Target 25.23 for 21.88%🟢 $SBLK Target 25.23 for 21.88%
Or double position at 16.17
Ooh, this one filled in after-hours…
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
I finally added my YouTube Training Video to my profile tagline since I’m not allowed to on here. It’s a quick 15 minute training video on how to set up your chart and how to spot opportunities. So check here first but If you have questions just message me.
SBLK opportunity to enter long?This is a marine shipping company based in Greece that specialises in commodity bulk shipping.
It has been in steady uptrend since Feb 2021. Interestingly on 3 May, there was a spike in volume to push the price into the range between $20.50 to $23.30.
Although there was a pull back to $18.40, but prices has since moved up from 7 June onward.
If price can sustain above $23.30, which is also the 52 weeks high, next target is around range of $40.
The nearest support is at $20.60.