CTRM jumped about 20% with earnings in my idea published as that was occurring.
It is now in consolidation for two days on the 30 minute chart in what appears to be
a high tight bull flag pattern. These patterns are typically predictive of a bullish continuation
with decent reliability. The continuation can can be as much as the height of the flag
On the 15-minute chart, I see CTRM as being well-positioned among traders for
high volatility on the report of earnings. The pump today has printed a tight flag
pattern with consolidation this afternoon. If earnings are okay or even better I see
this penny stock making another 10-15% move just like today. If on the other hand,
if there is a miss, a drop of...
Castor Marine MC is less than half of assets. Meanwhile, they have record revenue and profits Q over Q and Y over Y. In short, they're making a killing. They ended their ATM in June. There is no need to raise additional funds and can easily make plays for additional vessels with cash flow. The company is likely considering dividends at this point and should be...
Hi there, Yurii Domaranskyi here.
Risk vs Reward = 1 to 44.83 ✨
It means if you risk here 100$ you may make 4483$ Not bad, huh?
Revenue of $54.64M (+683.9% Y/Y).
EBITDA $27.9M for the three months ended March 31, 2022, as compared to $2.6M for the three months ended March 31, 2021; and
Cash and restricted cash of $84M as of March 31, 2022, as compared to...
Hi there, Yurii Domaranskyi here. Today here I've no time to write about fundamentals. But it's great! Check it out yourself!
Risk vs Reward = 1 to 50.67
It means if you risk here 100$ you may make 5067$ Not bad, huh?
CTRM is coming off of 52wk lows in an ascending triangle with dramatically improving financials. PTs are green horizontal lines using volume nodes and then the large gap in the $6s and lower $7s. Golden cross estimate for later this month placed on chart. GL!
$CTRM Shipping company
Worse case 👉🏻 Don't break resistance , back down to $1.50 area
Best case 👉🏻 Break $1.95 and hold , we'll see more upside IMO
The only thing going for diluted shipping companies is that the business is high in demand atm!
Since the R/S CTRM has dropped hard, and I suspect it is heading down to close the smallest gap I’ve ever seen but nonetheless still a gap. While it is true that not all gaps needs to be closed before price can move in another direction (all depending on the different types of gaps) this gap however I do believe will be closed. It is lined with orange color. CTRM...
$CTRM Target 1.17 for 63.75%
Or next add level is at .26
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before...
It appears that CTRM is poised for a reversal based on the formation. I have made my first entry and wait on confirmation on my second entry. I will be setting a stop loss if it breaks south of the support.
Not investment advice, just what I am doing.
We are a growth-oriented global shipping company engaged in the seaborne transportation of a wide range of commodities along worldwide shipping routes through our ownership of dry bulk and tanker vessels.
1. Limassol, Cyprus, April 9, 2021 – Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the
“Company”), a diversified global...