Thanks for viewing, I am just posting this to make tracking the equity easier. If you ignore the massive 1 month spike in price and volume (10x volume) that would otherwise invalidate my EW count, the main downward price trend seems to be over. If I average in, I will have to be able to withstand price drops possibly to $3 and keep buying, but after that there is...
If the economies continue to open up. We will see this rise.
Update on this Stock. For you guys the buy limit should have been triggered if you put it @ 0.125$ Sad enough I lowered my buy limit to @ 0.115$ so far it has not been triggered. If we break 0.19$ It could go to the first sell point. For now i'm hoping on a pullback to the 0.11$- 0.12$ level. I will keep this updated. - The company has also anounced some good news.
Fundamental Analysis: Overall shipping stocks are bullish, with gas prices so low and people ordering like crazy off their government checks. It definitely will be my next move in terms of hedging against this Covid crisis. I'm not putting any price targets because the situation is very dynamic and I will most likely take profits depending on how this plays...
$TNK $STNG $NAT Shipping stocks all looking bullish to me, excess oil being produced every day with consumption down means it all needs to be stored somewhere?
$TNK $STNG $NAT Shipping stocks all looking bullish to me, excess oil being produced every day with consumption down means it all needs to be stored somewhere?
$TNK $STNG $NAT Shipping stocks all looking bullish to me, excess oil being produced every day with consumption down means it all needs to be stored somewhere?
All description on the chart. Please, don't forget to like and follow. Thank you.
XPO is entering overbought areas on the MACD indicator potentially signaling that confidence in the company is regaining. After having been hit dramatically with China and US trade tension now optimism is rising as the need for medical supplies to be distributed has gone up.
Shipping sector is about to go bonkers with the BDI moving north in addition to possible Exxon news. $DRYS being the obvious leader has been a good predictor of movement. Right now $DRYS is breaking out of its downward trend and $SHIP with the incredible news of getting rid of their debt vehicle yesterday is poised to be the one right behind $DRYS to make...
Golden Ocean has managed to get above a previous tough resistance zone and attempted to break out further. The first attempt failed. So far have GOGL managed to stay above the previous resistance zone at about 4. Baltic Dry Index has rallied more than 300 % since its bottom while GOGL has "only" rallied about 67 % so far. There should be a further upside potential...
Entered $SHIP yesterday at $5.69, woke up to exactly what I thought was going to happen. A pre market rally. I'm contemplating selling here around ~$8 or potentially holding on to see if we can hit ten today/tomorrow. I should probably stop being greedy and sell. We'll see.