Drewry’s World Container Index inched up 1% to $5,901 per 40ft container this week. The Index was at $2, 846 at the beginning of Q2. Revenue should be substantially higher in Q2 and will also likely mean a continuation in Q3.
NAMS has just signaled an exit from consolidation and a return to a bullish run by breaking out of a Descending Wedge. Next resistance level is at $23.65. Potential run up to Analyst estimates of $35.
