Turtle Head Patterns For Seafood FarmersI've scoured the internet for seafood companies to buy. There are fewer to choose from than one may expect. I found fewer than ten tradeabe stocks. The ones with the most exposure and liquidity are about five Norwegian salmon farming companies.
Large cap Norwegian salmon farming companies such as Mowi ASA are all recovering from a lull in profits due to the lockdowns and are also impacted by now owning a larger share of the seafood market after sanctions on Russian seafood. Seafood as a commodity is like most agriculture: it's cyclicity follows the harvest in spring and summer. These three companies in my chart are similar, but they're vertically integrated land-based seafood farms instead of ocean farms.
I'm not entirely sure how these three companies are correlated. They are all in different countries and trade on the OTC. Atlantic Sapphire is in a Europe Small Cap ETF, so maybe they're tied together through Western small cap index funds such as the Russell 2000. I don't think these qualify as biotech, so maybe they track agribusiness e.g. MOO, where most large cap Norwegian salmon farming companies are included.
Anyway, as you can see in this chart comparing these three companies, apparently they are all simultaneously breaking out of longer term resistences. Trade wisely comrades.
