NYSE:NMM   Navios Maritime Partners LP
Chart pattern: Bull Flag

Entry: 34.11$ (this would end the trend of the correction)

Stop: 24.41$

Target: 75$

Risk/Reward-Ratio: > 4:1

Stopmanagement: ATR Stops daily chart default settings

Elliott-Wave-Principle: After a impulsive 5 wave structure the price developed a zig-zag-correction which retraced to the 38-Fib.-level. Due to the fact that the intermediate structure is not that clear I will treat this trade as a classic bull flag.


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