The chart pattern is a falling wedge, it’s a bullish reversal. The price has been bouncing between support and resistance and today we can confirm its a buying opportunity. I have continued to buy and bought more at the $4.00 range.
The rsi is oversold on all time frames, the emas were trashed, the volume is high, the OBV is down, the only indicator was the chart pattern connecting trendlines.
Currently the price is $4.00, my forecast on this stock in the next 24 months is a target of $24.00. And the highest possible target is $95.
Float percentage of total shares outstanding is the percentage of float shares relative to the total shares outstanding. As of today, Globus Maritime's float shares is 9.61 Mil. Globus Maritime's total shares outstanding is 9.62 Mil. Globus Maritime's float percentage of total shares outstanding is 99.85%.
Insider Ownership is the percentage of shares that are owned by company insiders relative to the total shares outstanding. As of today, Globus Maritime's Insider Ownership is 0.00%.
Institutional Ownership is the percentage of shares that are owned by institutions out of the total shares outstanding. As of today, Globus Maritime's Institutional Ownership is 0.53%.
Short Percentage of Float is the percentage of shares shorted compared to the float. As of today, Globus Maritime's Short Percentage of Float is 18.03%.
Globus Maritime is a dry bulk shipping company. It was impacted by the world shutting down due to Covid-19, bad business decisions such as reverse splits and net loss on sales. However the company was able to finance to expand business operations with a new fleet and they continue to expand. This isn’t a short squeeze opportunity, this is a slow growth opportunity.
When investing always do your own research, you are responsible for your trades. I’m not your financial advisor, im share an idea. And I personally invested in this stock because I believe in it long term. I’m holding, im buying more and its my risk.
This will either pop to the 50 magnet in PM and be done, or it will grind its way back to 100+ if a true reversal is found at the bottom 0.06 If not, then its just more death spiral and completely dead.
zAngus
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>> Globus Maritime is a dry bulk shipping company.
Dry bulk shipping is a sector I am following closely as well.
MARKETDATASHOW
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@Angusmck I’m also monitoring and learning about the Dry Bulk Index, Oil and fleet valuation.
I realized new fleets aren’t as available due to covid-19 and this increases the value of those ships.
zAngus
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@CRYPTOBMF, thats interesting. I hadn't thought of that re new ship scarcity. Makes sense.
yupyupyup
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@Angusmck, I think new ship scarcity will become amplified because of the "going green". There will need to be manufacturers en masse of green ships and perhaps legislation that companies will have to go green. That will basically restrict the same thing that happened last time for the glut in new ships coming to market IMO.
MARKETDATASHOW
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@yupyupyup And that info will increase the value of the current fleet!
maverick1239
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is there any way you could look at tops? it's in same sector and believe it has similiar potential