* Good earnings in the recent quarters
* Strong up trend in the recent years
* Sector: Industrials - Marine Shipping
* Relative Strength vs. Sector: 66.27
* Relative Strength vs. SP500: 15.88
* U/D Ratio: 1.21
* Distance from breakout buy point: 0.44%
* Volume 48.37% above its 15 day avg.
* Broke out of an ascending triangle and move ~32% higher from there before consolidating
* Yesterdays candle shows tonnes of demand along the 10/20EMAs
* Has been using it's 10EMA as a dynamic level of support
* Broke resistance of $29.87 with higher than average volume
Trade Idea:
* You can enter now as the price just broke out once again with higher than average volume
* Setting a 10% target seems achievable as it's just above a historical level ($32.32)
* Manage risk accordingly as shipping stocks have been hard to trade recently.
* Strong up trend in the recent years
* Sector: Industrials - Marine Shipping
* Relative Strength vs. Sector: 66.27
* Relative Strength vs. SP500: 15.88
* U/D Ratio: 1.21
* Distance from breakout buy point: 0.44%
* Volume 48.37% above its 15 day avg.
* Broke out of an ascending triangle and move ~32% higher from there before consolidating
* Yesterdays candle shows tonnes of demand along the 10/20EMAs
* Has been using it's 10EMA as a dynamic level of support
* Broke resistance of $29.87 with higher than average volume
Trade Idea:
* You can enter now as the price just broke out once again with higher than average volume
* Setting a 10% target seems achievable as it's just above a historical level ($32.32)
* Manage risk accordingly as shipping stocks have been hard to trade recently.
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.