We do not know why 9/10 predictions today have a bearish outlook. This seems to not be tied to the SnP performance. This makes sense considering that the review is of very small companies. That is companies with very volatile stock. A word on shorts - they are extremely risky. We do not encourage or give financial advice for that matter anyway. We are not in the...
Looking on the daily a bounce on the 200 EMA today. RSI oversold. Still trading in a downward channel, but can easily get profits there aswel. Break below is not good but CAPE was down a lot today, still GOGL held up. I’ll try here.
Be aware as GOGL uptrend might be coming to an end. Keeping an eye on the possible formation of a head and shoulders here. The area of resistance is around NOK 96,-. Of course, still many options in play, but if we retest this area and get rejected the likelihood increases.
If and only if current trend remains. Middle trendline may provide necessary support @72NOK if not, the bottom line will give strong support @68NOK if the current bull-run remains.
GOGL is consolidating inside the daily cloud, after breaking into it upwards. The key now is the downward long term trendline (blue), it's eyeing this one at the moment. If this breaks and retests, it's a buy from me for GOGL!
Golden Ocean Group has fallen a lot, although it has crossed several support lines, the stock has not received support. GOGL is now below the last support line, which could indicate that the share will continue to fall. Overall, the stock is in a very bad trend. This indicates sales. This analysis should not be seen as advice but for inspiration
Stop 8.35 Entry 9.40 Target 12.00
unfortunately I didnt have to be drunk in a bathroom to do these lines.... aha not funny just ...interesting
There was a Heavy oversupply in Drybulk. Downward, sideways until end 2019/2020 is my Outlook.
Golden Ocean has managed to get above a previous tough resistance zone and attempted to break out further. The first attempt failed. So far have GOGL managed to stay above the previous resistance zone at about 4. Baltic Dry Index has rallied more than 300 % since its bottom while GOGL has "only" rallied about 67 % so far. There should be a further upside potential...
Dry shipping is breaking out. Golden ocean group is a major player in this industry. The Baltic Dry Index is now above 1000. Prepare for a massive move.
Just look at the chart. It is self explanatory :) Breakout from a long consolidation triangle + breaking above the 100 EMA. Baltic Dry Index support this move.