This was a great trade, going back for some post mortem as there is a lot to be learned.
- started with insider buys
- shipping storage narrative all over
- search volume peaks, reddit wallstreet bets as the FOMO gets started
- NAT CEO on CNBC pumping
- love looking back on those gaps up each day, pure FOMO on a chart
but my favourite part of this whole chart is the sell signal
- the VOLUME on that first hourly chart is the perfect signal. GET OUT HERE.
I sold a day early at 6.80 but still stoked with that. Have a put on now as well that I will probably close after these 2 days of perfect price action.
Where does it go from here? No idea, will tankers go parabolic? Or will day rates for vessels plummet? Tough with these macro plays.
If tankers setup for a nice low risk entry again will be looking at DSSI and TNK.
Another great point to take note of is the RSI divergence at the top. Great sell signals to learn from here,
- FOMO gaps up
- Parabolic movement
- HUGE volume on the opening hour for the top
- Coupled with RSI divergence
- started with insider buys
- shipping storage narrative all over
- search volume peaks, reddit wallstreet bets as the FOMO gets started
- NAT CEO on CNBC pumping
- love looking back on those gaps up each day, pure FOMO on a chart
but my favourite part of this whole chart is the sell signal
- the VOLUME on that first hourly chart is the perfect signal. GET OUT HERE.
I sold a day early at 6.80 but still stoked with that. Have a put on now as well that I will probably close after these 2 days of perfect price action.
Where does it go from here? No idea, will tankers go parabolic? Or will day rates for vessels plummet? Tough with these macro plays.
If tankers setup for a nice low risk entry again will be looking at DSSI and TNK.
Another great point to take note of is the RSI divergence at the top. Great sell signals to learn from here,
- FOMO gaps up
- Parabolic movement
- HUGE volume on the opening hour for the top
- Coupled with RSI divergence