Based on its uptrend, rebound from support and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF SBLK exceeds yesterday's high of $29.88 during today's session.
Marine shipping is back showing signs of leadership. $SBLK calming down and trading tightly in the last 3 sessions while market selling off. Notice volume drying up = supply stopped coming to market Focus for next week.
Notes/Thoughts: * Broke out of $29.87 once again this time with tonnes of volume and a printed a pocket pivot! * With increased hedge fund activity it makes sense to get in now * Has the relative strength and the UD Volume indicating that it's ready to move higher Technicals: * Sector: Industrials - Marine Shipping * Relative Strength vs. Sector: 11.25 *...
Looks bullish and eager to go higher. It must stay above 32 for its next target of 70. In this market, energy and marine shipping stocks are doing great.
Goals 27.05, 25.38. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go...
* 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...
Desicion to Buy. Entry Price = $30.07. Target Price=$32.50. Stop Price=$27.47
not ready yet, but liking this tennis ball action so far. needs to tighten up
Desicion to Buy. Entry Price = $29.87. Target Price=$30.80. Stop Price=$28.94
Desicion to Buy. Entry Price = $30.38. Target Price=$31.90. Stop Price=$28.86
The pattern seems consistent but is slightly shifted due to the dividend. Now is perhaps the down-trending period before ER/D. I actually don't think the result ER will be highly correlated to the trend although it gives a hint to the overall direction. BTW, I believe the ER will be super good, but the market reaction will be whether the company has plans to...
Star Bulk Carriers Corp. ( NASDAQ:SBLK ) Sector: Transportation (Marine Shipping) Market Capitalization: 2.726B Current Price: $26.66 Breakout price: $27.30 Buy Zone (Top/Bottom Range): $23.95-$21.95 Price Target: $30.70-$31.20 (3rd) Estimated Duration to Target: 77-82d (3rd) Contract of Interest: $SBLK 5/20/22 25c Trade price as of publish date: $3.00/contract
SBLK weekly is breaking out of resistance with nice MACD bull cross. I like the shipping sector right now and am going long shares here, -8% stop
Immediate targets 20 and then 19. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the...
Star Bulk Carriers Corp. ( NASDAQ:SBLK ) Sector: Transportation (Marine Shipping) Current Price: $20.95 Breakout price trigger: $21.00 Buy Zone (Top/Bottom Range): $20.80-$19.60 Price Target: $22.00-$23.20 (1st), $25.00-$26.00 (2nd) Estimated Duration to Target: 26-31d, 74-80d Contract of Interest: $SBLK 1/21/22 20c, $SBLK 2/18/22 20c Trade price as of publish...
Alhamdulillah , The deal was closed on SBLK stock with a profit of 7% in a week. I wish good luck to everybody.
Market wrap up stock markets 4 stocks in my portfolio