🟢 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.
4FAP trade ideas
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.
Little Room to Run SBLKLess than 40 cents from its 4 year high and $66 from its 5 year high Star Bulk Carriers offers a nice risk reward trade opportunity on the long side. The massive increase increase in volume and the tight coiled MACD could translate into a large breakout imo. Reports of shipping container costs increasing over 300% on Feb 2021. I have not seen any dry shipping earning reports come out for 2021 yet but I hope it lights some more fireworks with the stock price. GL and always tip your dealer
Above 8.15, it's a clear buy. I'm already in thoughI really like this company from a fundamental perspective.
Actually, it's a huge part of my portfolio already.
The technical set-up is still ugly. But the MACD is about to turn bullish .
The report came out today and it was quite good.
But the trade war still seems to be the biggest threat.
Above 8.15, it's a clear Buy. Look at that MACD!I really like this company from a fundamental perspective.
Actually, it's a huge part of my portfolio already.
The technical set-up is still ugly. But the MACD is about to turn bullish.
The report came out today and it was quite good.
But the trade war still seems to be the biggest threat.
A premature triangle line breakout I am not predicting and anticipating the things since I expect for a clear breakout
but the point here is that the price is showing me some intentions to breakout the resistance line for this reason I put this stock in my watch list to follow up
I like this pattern based in the increasing volume the other thing I like is the wicks of two candles five weeks ago this gives me a bullish sensation generally these patterns work and are a continuation price patterns like the past triangle in the chart here is the past triangle with your respective breakout in the 6.00 area From February 2016 to December 2016
This is one of reason I use weekly charts with a long perspective (Weekly candles with a eight Years view) because is more accurate for identify reliable chart patterns
By last the target is based in past support in this case I support myself in the last line of support in the 25.00 level
Happy new year and weekly charts :(
SBLK Long on breakout signalLong SBLK as price action today is now confirming a breakout. The wedge on the daily chart dating back to July was broken yesterday and seems to be confirmed today. Volume as of 1:50 EST is above recent daily levels as well. Going into the close heavier volume will confirm this breakout even further. I look for an entry at 4.55, but if my limit order does not fill I will go long at market on the close. If you follow my 10000 USD base account recommendations I advise a 200 share position with a price target of 5.25 and a stop below recent support at 3.95. I have offset my UNG short today at 7.89 to help finance this trade.