--Up trend, breakout of a W pattern
--Re-claim 21 ema, help support at 50 ema and bottom trend line
--Not much re-action on the CPI report, Open higher on last closes
--MACD shows entry signal, RSI above 50
--Entry: 1.25%-2% above previous closes (safe play)
--Avoid if show choppy price action.
--Cut lost: ~7%: right below 21 ema
--Above 2:1 gain ratio
Torm is a U.K.-based refined-oil shipping company with a fully owned fleet of more than 80 vessels. In August, Torm reported time charter equivalent rates more than doubled in the second quarter, and company management said the market has been even better so far in the third quarter. In fact, the stock jumped 10% after Torm said rates had more than tripled from...
Missed TORM breakout now at least 30% up from base. Could be parabolic still. Need to watch. Probably can catch at when 8 EMA pinch or near 20EMA on daily.
This is a buy on breakup for me .
All lights are green
We have a recent entry into an uptrend that is also consistent with the correlating sector , wonderful volume confirmation and a strengthening RSI . A+ for me .
