LeLaf

GNK: Double Bottom, Confirmed

Long
NYSE:GNK   Genco Shipping & Trading Limited
Double Bottom , confirmed
Pros:
R/R ratio above 7
Descending volume
Good Volume at break out
Cons:
250RSI below 50
RS descending and below 0
PPS struggling to cross 200MA
PPS below 50MA and 200MA
200MA descending
If Confirmed
PT1 = 7,32
PT2 = 8,71
PT3 = 9,19
Bonus PT4 = 11,12

maax!
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