Dezso
Long

"NM" optimistic for both long and short term trading strategies

NYSE:NM   NAVIOS MARITIME HOLDINGS INC
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5
This is a maritime holding stock I managed to capture a long position in on the 10th. This trade was profitable due to the crystal clear support/resistance trends starting 1 month ago. As you can see, the stock falls rapidly, hitting the support every time, and then proceeds to sluggishly ascend all the way back to the resistance ceiling. The stock drops so rapidly because fear is a stronger emotion than optimism....nobody wants to lose money, and fewer want to put in the work to make the same $$$. I would feel comfortable taking a long position for the second time, even at this point. (risk 2%/reward 10%). Just for piece of mind, for those that take a position that is disastrous, analysts spotted what could be a $1.6 trillion opportunity lurking in Donald Trump's infrastructure plans over the next 4 years. And given "NM" superb track record (more than tripling the market over the past decade). Dear long term investors, this stock will definitely be raising eyebrows in the next year or so. Note that my first three posts were published privately, with no ability to change to public status. So in other words, forced me to republish the backdated version in current time.


Instagram - @zillionare_zone

Note that my first three posts were published privately, with no ability to change to public status. So in other words, forced me to republish the backdated version in current time.

Comments

Stop loss hit then?
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