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Cape-Peninsula-Capital
Jun 11, 2021 10:09 PM

Navios Maritime Partners Long

Navios Maritime Partners LPNYSE

Description

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.
Comments
strongMoth99604
Just did a screen and this stock came up. About to go long. The fundamentals are stellar.
KlydeFrawg
@strongMoth99604, same exact spot man, seems like such a no brainer
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