World's Largest Shipper & 11th Largest Bank Plummeting in tandem.
World's Largest Shipper plummeting breaks BARR Formation
It seems as if Maersk is stabilizing along with the oil price. This trade will be setup as a short term trade but it could also be traded as a long-term investment. It has a MACD turnover on the daily chart. Open: 8915 Target: 9500 Stop-loss:8500 Read more here : www.investarting.com
Just a quick thought on Maersk B if it moves higher. Daily downtrend so the potential short setup from the 5-0 or reciprocal ab=cd would be with the underlying trend, although I think it could be close to the bottom.
Just some observations on time/cycles. Maybe it means something, maybe it doesn't, but it looks like we could see some relief soon. Great potential support zone too. Monthly chart:
I'm excited to follow this stock!