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.
With raising freight costs SBLK could also benefit on priceSince freight costs raising according to global inflation, shipping will one of the first to take profit.
This stock maybe very profitable...
finance.yahoo.com
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
Dry Bulk Shipping Making a Comeback?The low may be in and trend change coming:
RSI breaking out of a multi year low
KST near crossing over on the monthly time frame
Higher low and nearing a higher high on the chart
30 month simple moving average flat and starting to turn up
Finally, following the industry trendThis stock has been a laggard in the group but seems to be on the verge of breaking out after few attempts.
It's taking the stairs with a decent volume profile and supportive RSI.
SBLK quick pop!Hi it's me Vag again with another hopeful! SBLK looks like it has potential for a quick pop to 11.90+! Hoping for that quick move, hope everyone is doing okay, stay positive in the fall!
Key moment for SBLKSignificant resistance.
If it gets through, we are going to see even more bullish pressure.
I'm in :)
Potential Reversion Island? (Wishful thinking so far)I think that this might happen if we were to have a trade deal.
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.
All aboard? I think the only way is up.
This company's fundamentals are extremely strong.
In for the long run!
$SBLK This Deep Value Name Is a BUY on Any Pullback 100% UpsideLooking for 100% upside from here for the PATIENT investor that buys on the pullbacks - we are LONG this stock. #trading #stocks
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 LOOKS OVEREXTENDED: POTENTIAL PULLBACK INCOMING?SBLK seems in a bouncing phase after the previous drop on daily chart. Now it looks too much overextended and i'm looking to the price action for a potential pullback.
SBLK making a 52 wk. hiSBLK is showing signs of strength as it makes a 52 wks price and monthly RSI hi. Can target 18 in the fullness of time.
4.44 is the level of breakoutgreat looking on the volume and price (very technical) everytime that test that upper trendline the volume came in, if we can break that level is going to 5 easly
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.
