1) This sector has been very strong as of late. With many of its peers posting monster earnings results. 2) GOGL looks like the next one to break out, along with PANL, EGLE, and SBLK.
again not a great set up.. vol hasn't dryed up much.. just watching.
Broadening Wedges can be observed on chart, initially a bullish one that pushed price into its long seen downtrend Following this a bearish wedge is observed, which is accompanied by 200MA rejections Right now price has experienced a double bottom, which is considered to be a bullish pattern. Pushing price out of the downtrend and leading to the now seen break...
Based on its uptrend, rebound from support and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF GOGL exceeds yesterday's high of $13.52 during today's session.
Bought a put before close. Consolidating before hopefully another leg down.
Lets use the Elliot wave chart on the shipping industry. Here we should expect a huge move upwards. 300% in 1,5 Years!
tennis ball action.. needs to tighten up and in a good market.
* Great earnings in the recent quarters * Strong up trend in the recent years * Sector: Industrials - Marine Shipping * Relative Strength vs. Sector: 37.17 * Relative Strength vs. SP500: 9.02 * Very strong stock in the sector as well as against the SP500 * U/D Ratio: 1.48 * Base Depth: 10.26% * Distance from breakout buy point: 0.33% * Volume 15.45% above its 15...
Goals 11.04, 10.51. Invalidation at 14.35. 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...
Beautiful setup doesn’t get anymore straight forward than this set stops accordingly, overshot previous PT’s adjusting and still looking for re-entry but now in mid upper 10’s (pink box tip of pennant) still on trend. Commonly early expecting re-entry to be no different, FOMO indeed. I like this stock, Let the gains ride to ex divi.
Coincidentally the .618 coincides with a breakout retest of the recent trend and a sell the news earnings. 12.25 PT reentry in the 10’s. First leg represents a 55% run. Short term neutral.
We do not know why 9/10 predictions today have a bearish outlook. This seems to not be tied to the SnP performance. This makes sense considering that the review is of very small companies. That is companies with very volatile stock. A word on shorts - they are extremely risky. We do not encourage or give financial advice for that matter anyway. We are not in the...
Stop 8.35 Entry 9.40 Target 12.00
unfortunately I didnt have to be drunk in a bathroom to do these lines.... aha not funny just ...interesting
There was a Heavy oversupply in Drybulk. Downward, sideways until end 2019/2020 is my Outlook.
Golden Ocean has managed to get above a previous tough resistance zone and attempted to break out further. The first attempt failed. So far have GOGL managed to stay above the previous resistance zone at about 4. Baltic Dry Index has rallied more than 300 % since its bottom while GOGL has "only" rallied about 67 % so far. There should be a further upside potential...