NAVIOS MARITIME HOLDINGS INC NYSE:​NM

No trend in this chart... Before You Buy Navios Maritime Holdings Inc’s (NM), You Should Consider This

1) KISS Momma: Buy $1.61 SL: $1.54 PT1: $1.84 (+14%) 2) Bounce in demand zone: Buy $1.56 SL: 1.51 PT1: $1.69 (+8%) PT2: $1.84 RSI 5min. too high, flag

This is a maritime holding stock I managed to capture a long position in on the 10th. This trade was profitable due to the crystal clear support/resistance trends starting 1 month ago. As you can see, the stock falls rapidly, hitting the support every time, and then proceeds to sluggishly ascend all the way back to the resistance ceiling. The stock drops so...

NM is in the middle of a rising channel correction. More downside expected.

In a clear weekly demand Zone, and the value of the stock is less than book value.

Tech Analysis

LONG >1.26 STOP 1.21 TARGET 1.50