After 6 months of nonstop drop, reverse split, common stock offering this company finally heading for a bullish direction. With rapid increase in shipping cost, good cash balance in hand, and a technical set(bullish divergence with double bottom) this stock is definitely going to run soon.
In conclusion:
Bullish reasonings:
- Technical: double bottom,...
Despite CTRM having good running earning report, the share price has been plunged down more than 800% from the top. The stock is heavily shorted by hedgie with reason of reverse stock split. There is a great divergence with Baltic Dry Index. BDI Index have break 10 year new high. It imply company may have record high Earning report incoming. We may hope have...
Long term play - 1 year chart shows clear cup and handle pattern. Expect short term upside of 2-4 and long term looking at 12-14. This is not trading advice, I am practicing my trade strategies, patterns and research. This upside may come sooner than anticipated with recent shipping container shortages. Bullish idea.
ctrm ready for a buy here. we must not let the fear drive us. the 3 day macd cross to the upside at a key fibonacci retracement level can set us up for a huge gain on a long position
rigo
Hello traders, While I was checking some opportunities, I found this nice setup. We were in 2 clear bullish patterns and finally it's changing structure. I'm waiting for upside push soon.
After a very very decent and strong correction (following the reverse split), I think CTRM is finally ready for a sizeable bounce. I'll update later with profit taking targets, but at this point I'm expecting a 30% bounce very soon.
Wave structure seems to be complete on the ABC (and 12345 of C). Fib levels and previous supports are acting as confluence.
Trade safe!
CTRM, nice falling wedge on the daily also volume price construction looking good to me! Also broke trend line on RSI! And we see nice bullish divergence on the daily!
Only OB needs to hodl!
this meme stock looks like its at support, you want to sell below 3.00 and dont look back, target here risk reward looks good but there is the chance of this losing that support so if you go long place a stop loss just to be safe
CTRM - Castor Maritime CMP - $0.7548
Range Breakout and looking bullish in higher time frame. One can go for Short / Long Term Trade setup with the following entry, exit & targets
Buy Range $0.65 - $0.75 / Stop Loss $0.55
Target - $2.50
Disclaimer: This is my view and for educational purpose only.
Hello there,
As you can on the chart, CTRM is in the support level and still holding it perfectly, I expect launching toward the targets on the chart very soon.
*** This is not a financial advice, I'm still a beginner trying to share my Road here.
Than you.
$CTRM Target 1.17 for 63.75%
Or next add level is at .26
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before...
