Simple technical analysis for the period ahead. the trend is your friend. SMA 200 is heading down. Uncompleted head & shoulders pattern (July 21 - April 22) A Clear downtrend that holds strong since the peak in January Stock may lose another 40%.
Short term downtrend setup for a cup and handle breakout. Also possible W setup if price action breaks the lowest support line. Company shows great fundamentals + rising Freight index.
Short term downtrend setup for a cup and handle breakout. Also possible W setup if price action breaks the lowest support line. Company shows great fundamentals + rising Freight index.