Is Western Bulk Chartering ($WEST) ready for some action?

Panjang

WESTERN BULK CHARTERING AS (OSL_DLY:WEST)

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OSL_DLY:WEST WESTERN BULK CHARTERING AS

Trend Analysis

trendanalysis

Dry Bulk in 2024 is on a rise, and his could be the pilot for

WEST , after a poor 2023 where everything went wrong and cut on dividends.

Komen:

Edging it's way towards (and kissing) the 100 EMA line at the roof top on the trend channel as we take Easter break for nearly a week. 200 EMA is lurking further up, and a cross, where 100EMA breaks the 200EMA will set the stage for a trend reversal and bullish sentiment.

Trade Idea:
- IF price goes up and closes above 100 EMA on the daily, set an order with tight SL (at 24), as this might be a fake breakout. TP at 200 EMA line with a 7-8 % gain - Otherwise, wait for a retracement back to retest the support line and see which direction it takes (up or down) and go Long/Short based on the event.

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.