NASDAQ:SBLK is gaining some attention today because Senator Tuberville has purchased $100k worth of SBLK stock, a stock that is focused on forestry and mineral shipping. Senator Tuberville sits on the Senate Committee of Forestry and Agriculture so he could have some insider knowledge here.
Buy price: $23 to $24 (I think an entry at $23 is possible, but I...
While the consolidation phase persists, the pattern still holds. A couple of years I published this idea. A few people noticed and I hope they made good $$$. Here is my latest prediction.
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Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
Trade here is
Entry $23.73 (Close of Friday 3, 2023)
StopLoss $23.04 which is $0.69 SL.
Target On Daily $25.32, On Rounded Bottom Pattern $29, Monthly Rounded Bottom $34 (Please expect some error in calculation)
For a lot of 100, SL $69.
Money to be Made $159
Risk:Reward: .69 : 1.59 (1:2.65) (On Daily)
Rationals:
1) Buyers entered at the support
2)...
Star Bulk Carriers Corp. provides seaborne transportation solutions in the dry bulk sector. The firm's vessels transport major bulks, which include iron ore, minerals and grain, and minor bulks, which include bauxite, fertilizers and steel products. SBLK has a VERY STRONG quantitative fundamental score (Greater than 8) with great analyst prospects (Strong Buy and...
Star Bulk Carriers is a shipping company that specializes in the transportation of dry bulk commodities such as iron ore, coal, grain, and fertilizers. The company operates a fleet of modern vessels and offers a range of services including chartering, ship management, and commercial management.
The shipping industry is highly cyclical and is heavily influenced by...
Using bars patterns to plot a breakout of the underlying green up channel
These bars patterns all three show a strong breakout for the bulls
Circles indicate an inverted H&S structure that is tilted, some would argue that it isn't a H&S structure but I included it anyway
Weekly timeframe
In this my backtest studying the relation between the Bulk Dry Index and some of popular stocks in marine shipping sector, using CAGR as parameter of performance. CAGR is calculated from swing-high/swing-low to swing-low/swing-high of Baltic Dry index (ticker:BDI) over last years.
Marine shipping stocks are strongly correlated with the Bulk Dry Index.
Stocks...
The Idea based on technical analysis only
Entry will be under 24.5$ with potential target of 22$+-.
SL will be around 26$ +-
DYOR 🙊🍒
Manage your own risks
Hello,
Star Bulk Carriers Corp is a Greece-based shipping company. It owns and operates a fleet of dry bulk carrier vessels. The Company’s vessels transport major bulks, which include iron ore, coal and grain, and minor bulks, which include bauxite, fertilizers and steel products.
The company stock looks like a good buy from the bottom. The stock is currently...
Please see my previous analyses in the related ideas field. They pretty much nailed it at an 85% accuracy rate.
The thesis is very simple. SBLK often performs four trending sessions between ERs . This pattern has persisted since early 2020. It often breaks up or down when seeing an unusual vol. The MACD always gives out hints about the trend. So the trading...
The price is close to the two strong support lines. Fundamentally the company is doing well. Last 3Q the company surpassed analysts forecasts on revenue and EPS. Is undervalued based on major multipliers.
I had successfully predicted the trends. See
I don't know if the pattern will be the same this season but there is no reason it will not. Therefore, here is my strategy for this season after it hit my target.
I exited 80% of my holding of this company stock to take profit.
I used the (costless) collar option strategy to protect my shares (April, $26/$29...
