- global supply chain issues - high rates in shipping locked - 2022 estimates: 590M revenue 32% YoY revenue increase 65% YoY EBITDA increase 332M free cash flow - either it should rebound from the support line of the channel or decline more towards the 200SMA where the entry point is even sweeter. This is a nice BUY setup IMHO that satisfies...
CTRM is coming off of 52wk lows in an ascending triangle with dramatically improving financials. PTs are green horizontal lines using volume nodes and then the large gap in the $6s and lower $7s. Golden cross estimate for later this month placed on chart. GL!
It could hit $2.75 as long as it stays above that blue trend line. It can go back down if it closes below that blue line.
Star 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
ZIM Integrated Shipping Services Ltd. ( NYSE:ZIM ) Sector: Transportation (Marine Shipping) Market Capitalization: 7.554B Current Price: $63.70 Breakout price: $64.00 Buy Zone (Top/Bottom Range): $61.50-$56.00 Price Target: $74.60-$75.80 (1st), $94.60-$96.40 (2nd) Estimated Duration to Target: 59-61d (1st), 170-181d (2nd) Contract of Interest: $ZIM 3/18/22 75c,...
This looks like the beginning of a very well-identified read - a bullish breakout - originally identified and published on August 12th, 2021. I am fairly confident this will reach the previous all-time-high and likely move quickly to the upper $80s.
SHIP retraced back to the 50 fib finally, bounced and now attempting to get back to the 236 area but recent volume has ben lighter than in previous weeks. As it approaches this area yet again, I think volume will ultimately dictate the next move. Sure, you've got supply chain bottlenecks and higher prices for shipping specifically to Capesize vessels. However,...
Model has given entry signals for Genco Shipping & Trading Limited: - "Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ore, coal, grains, steel products, and other dry-bulk cargoes. It...
Model has given entry signals for Dry Bulk Shipping: - The investment seeks to provide investors with exposure to the daily change in the price of dry bulk freight futures. - We expect a boom in the shipping and freight sector with the pandemic backlog, and nations increasing their industrial production to meet new initiatives. - We are very excited about...
Long term still long AF on ZIM but it seems we have gone up too fast for a traditional stock and rejected all time highs. I see a short term correction based on MACD and RSI needing a cool off.. Dips continue to be for buying until something changes on a macro level so I am looking to long support around $44. Freight market insight www.nytimes.com www.reuters.com
big brain time, fintwit... How is WISH going to deliver orders without oil and boats or whatever?! Spoiler alert: they're not. Enter: RIG (honorable mention: SHIP) At heart, I guess RIG is an oil play. As usual I'm going to spare you the deep RIG backstory and assume that you found this idea because you've already done some research of your own. There's...
Finally back in the gap on GOED with strong volume to start the week. New coverage from ThinkEquity puts a Buy and $12 target on the stock. I think now it comes down to continuation and follow-through. Secular trends will likely start playing a bigger role if or when it breaks back through this gap. "Q2 has been a strong quarter for 1847 Goedeker. Since May,...
I put this RIG chart together earlier this month and it continues to hold true. No major consolidation just a channel trade with higher lows getting put in. With global shipping becoming a bigger point of interest right now RIG could be one to watch (assuming they don't do something stupid like raise money at a drastic discount). "the oil demand this year has...
It's a very wide wedge right now so lots of room to fluctuate. Will the reopening trade momentum act as a catalyst for another rebound or will NAT just chill here forever? In its Q4 and full-year 2020 update, The company said that “We see strong oil demand, in particular from Asia for 2021…The lock-downs around the world has led to pent-up demand for many goods...
Oversold bounce play, look for a reversal pattern and daily close over the breakout level. Good for a swing as well. Stop loss is a lower daily low.
before RCL had risen, it has hint by the global stock company that continues to rise before RCL.
FDX has had a remarkable run. With upward movement it may touch the top of the Bollinger band and then pull back to the EMA clouds / fib at 274.66. Whether before or after consolidation a fair short term price target is the fib extension above. However worth noting it is oversold and may need to consolidate.