The price pattern since May can be seen as a bear flag or a potential bearish ascending triangle wave pattern. The RSI not giving any indications either. In addition, the market 'may' be on verge of big correction and this is not a very strongly performing ticker.
However the price is at 200 SMA and there is likelihood of shipping sector having bottomed. From general reading on Seeking Alpha, I believe this is one of the most promising companies in the Deep Sea transportation group. The first target is to fill the long term channel. I do see this as long term hold though.
If stop loss is triggered, may take another position ~2 looking for a double bottom.
However the price is at 200 SMA and there is likelihood of shipping sector having bottomed. From general reading on Seeking Alpha, I believe this is one of the most promising companies in the Deep Sea transportation group. The first target is to fill the long term channel. I do see this as long term hold though.
If stop loss is triggered, may take another position ~2 looking for a double bottom.
Dagangan ditutup: hentian tercapai
Going nowhere!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.