Viking83
Long

Golden Ocean Overview

NASDAQ:GOGL   GOLDEN OCEAN GROUP LTD
Golden Ocean has managed to get above a previous tough resistance zone and attempted to break out further.
The first attempt failed.
So far have GOGL             managed to stay above the previous resistance zone at about 4.
Baltic Dry Index has rallied more than 300 % since its bottom while GOGL             has "only" rallied about 67 % so far.
There should be a further upside potential in this stock that has corrected significantly the last years.
The company delivered better than expected 3Q results. Along with outlook on further improvement in bulk rates, should encourage the stock to stay above the support zone and have a new attempt of challenging the next resistance/breakout zone.
Comment: Looks like it cannot leave that gap unfilled...
Comment: 3.82 before it can go up.
Comment:
Golden gap
Comment: Broke out eventually
Comment: 122 % increase.
Comment: Corrective scenarios:
snapshot

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