This is a very simple trade setup. After breaking out of a 14-year channel DSX has been consolidating for 2 years plus! It now looks poised to push higher. However, this is NOT a trade you will make money in a day or a week. This is a the type of trade, where you accumulate over time, enjoy the 17% dividend, and forget about it. DSX is in a bottleneck industry...
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore...
Immediate targets 4.53, 4.90. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market...
Since April of this year, I have been pounding the table on DSX. It's now up 166% since April and up almost 400% from the lows. Trades take time if you know what you are doing. If you don't you will not hold and bailout.
I first featured DSX on April 28, 2021, when it was on the verge of a major breakout. Though I have been following it for years. Then again on May 7 when the breakout occurred. And again on May 19 Since my first post, DSX has now risen nearly 50% in a few months. Shipping is a bottleneck industry that gives it pricing power under certain conditions. Usually...
Since Jan 2021, the price has been up trending. Rejection seen at $5.20 on 2 June with spike in volume, but the volume on the following day is roughly 25% of 2 June, suggesting exhaustion of supply. The next few days saw a rally up to break 52 weeks high. There may be a reaction to pull back around $5.20, but otherwise could be a good entry if you like break out...
I first featured this stock back on April 28th 2021. Unfortunately barely anyone saw this post. I once again featured and Update May 7th 2021 With similar results :( I hope this time it will be different as it is worth it for people to know about it. Don't let the small price fool you into thinking this is some silly spec stock. Shipping is in the infancy...
I have been harping on commodities for a long time now. Way before they even made their move. While I am still not in the inflation camp in terms of the way CPI. I am very much in the camp that commodities will continue to soar till the market cracks. Excessive deficits that lead to excessive savings will lead to money flows causing commodities to soar. This is...
Back on April 28th, I first featured DSX for investors titled a Major BreakOut! Today DSX is up over 11% and following through very nicely. As commodities continue to soar thx to endless trillions of dollars for all, DSX will greatly benefit from commodity inflation. Shipping is a bottleneck industry and prices start to rise they don't stop!