What we can see on the chart is a falling wedge pattern.
The price is still moving inside the pattern, once it breaks above the trendline it can be a good momentum to enter long.
Do not forget to put the stop loss under the wedge.
Target is shown on the chart.
ESEA: Euroseas
2021-09-08 09:24:40
Euroseas Ltd. Announces a Minimum Two-Month $200,000 per day Charter Contract for M/V Synergy Oakland, a 4,250 teu Container Vessel, built in 2009
Euroseas Ltd. is a holding company, which engages in the provision of ocean-going transportation services. It operates containerships that transport dry and refrigerated containerized cargoes, mainly including manufactured products, and perishables. The firm also owns drybulk carriers that transport major bulks such as iron ore, coal and grains, and minor bulks...
1% took the 99% in that 2 hour volume spike to the 200 ma decision. #simple #wealthtransfer #trading $ESEA
Know where the wall is before you take a trade.
Strong RESISTANCE area AROUND $8 -$9 ( blue line AREA). VERY LONG TERM BUY TO SEE THE DEAD CAT BOUNCE BROKE THE RED LINE RESISTANCE LINE FROM THE TEMPORARY TOP. BUY SIGNAL.
