NASDAQ:PANL Waiting for a breakout on the VCP formation.
NASDAQ:PANL broke out of the perfect cup and handle pattern on very good volume, any pullback towards the neckline at around 6$ is a buying opportunity to target 8.55$, stoploss daily close below 5.5$. Be careful, it is a low volume stock. Hit the like button please if you find this useful :) This is only my own view and not financial advice, do your own analysis...
You can buy PANL target 6.18 stop loss 4.29 money management your responsibility. I recommend entering a maximum of 10% of the portfolio. Good luck
Pangaea Logistics Solutions, Ltd. (Pangaea), through its subsidiaries provides seaborn dry bulk logistics and transportation services. The Company utilizes its logistics proficiency to service a broad base of industrial customers to offers transportation services for a wide variety of dry bulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted...
Pangea is a strong shipping company doing northern routes and I like their prospects to hit $4 They also happen to have a perfect Penis Pattern. Complete with Hairy Nuts on Either Side. It's cousin the "Lance Armstrong" can be seen in 2000 right before the crash. Note what's missing. *CLEARLY NOT FINANCIAL ADVICE*
Looks ready to go. $PANL Ocean Shipping - Dividend Reinstated 12/21 2c ~3.3%
bulding a nice stair, pattern is repeating itselfs
important see below-stoc crossed at bottom
trend shows PANL could go to 36 but I will stay long until 35.
If confirmed this pattern has a measured move downside to $19.75. If you decide to take a short position make your stop loss at recent swing high $25 with target price $19.75. If you are a option trader join us www.woowtrading.net