Diana Shipping Inc. Announces Time Charter Contract for m/v CrysDSX: Diana Shipping Inc. c/o Diana Shipping Services S.A.
2021-09-07 09:21:00
Diana Shipping Inc. Announces Time Charter Contract for m/v Crystalia With Uniper
DSX trade ideas
JOE G IS BACK AND TALKS HIS POSITION - DSX TARGET $7 LONGI'm long bulk shipping -
Fundamentally - dry bulk has broken out of 10+ year bear trends. Investments in shipping is very low. Prices based on commodity prices. Commodities are under-allocated and also in strong uptrend.
Technically - there are some interesting footprints since we have had the bull swing, I would be looking for a .382 FB support level for this next move, and then another leg up with a 1.618 target.
This is the third time we've seen this kind of pullback.... nothing to see here.... and inflation numbers very strong today.... industry looks strong for next two years.
DSX in their Q1 call talked about dividends likely.
DSK breaking 52 weeks highSince Jan 2021, the price has been up trending. Rejection seen at $5.20 on 2 June with spike in volume, but the volume on the following day is roughly 25% of 2 June, suggesting exhaustion of supply. The next few days saw a rally up to break 52 weeks high. There may be a reaction to pull back around $5.20, but otherwise could be a good entry if you like break out trades.
If price can stay above 5.40, next target might be around $6.45 or beyond $9.
The nearest support is at $4.80.
Diana Shipping looks in a good futureDiana Shipping collerates heavily with the Baltic Dry Index, which raising since Januar 2021 every month higher and higher.
Also prices for raw material are rising so it is also now a good oportunity to enter an investement in shipping.
Even the performance in past was very good, there may be another good move in the near future.
