Goals are 18.83, 17.87. Invalidation at 26.85. 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...
GNK has seen a recent increase in volume and clear signs of accumulation in the last few months, in particular drifting price after pocket pivot signals in the volume indicator. This resulted in GNK breaking out to ATHs over the $26 pivot level yesterday. Relative strength is good and price is holding up well despite bearish market conditions. Look for price to...
a short pause maybe.. well have to watch and see what it does as it passed through the pivot.. does the vol come in.. does it squat? and how does it close..
-Marine shipping taking a big hit today, bringing prices closer to big volume support levels. $SBLK and $ESEA and $NVM also on watch. -Just taking a few FEB 22' $15c @ 3.30 See chart for PT's
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Hello there, We will enter a short here with a tiny SL because the market is green now. We used the Fibo levels to get our SL and Target as well as the double top in the chart. Keep hunting.
Model has given entry signals for Genco Shipping & Trading Limited: - "Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ore, coal, grains, steel products, and other dry-bulk cargoes. It...
NYSE:GNK definetely a stock to watch for the upcoming week.
The price had a breakout at ~17$ (daily chart) which correlated with a high volume. At the same time we see a bearish engulfing pattern and a negative divergence. This indicates that the price could show some weakness. If the price closes today (15th of June) below the bearish engulfing pattern the probability is high that the price will retrace back to ~17$ or...
This company operates a fleet of dry bulks transporting commodities. This stock break up from range between $14.80 to $17 on 9 June with slightly higher than usual volume. As the price has broken out from range, there is higher probability of a retest around $17 but if price stays above $18, the next target is $24 or beyond. Will be interesting to see price...
Genco is investing in new ships for the booming Dry Bulk Business. GNX Performanic close related to the baltic dry index, which performance really well.
1. Used two fib retracements to find double-support 2. Buy on double-support @ $8 3. Sell safely @ $9 or ride to resistance
$GNK has turned the $8 level into support after failing to break above it 4 times since August 2020. If you can buy the stock at the current price, you can put a stop at $7.8 which would put your stop below that long wick on 1/13/21 and keep your downside risk at 5% of your cost basis, seems like a pretty good deal to me.
All description on the chart. Please, don't forget to like and follow. Thank you.
Double Bottom, confirmed Pros: R/R ratio above 7 Descending volume Good Volume at break out Cons: 250RSI below 50 RS descending and below 0 PPS struggling to cross 200MA PPS below 50MA and 200MA 200MA descending If Confirmed PT1 = 7,32 PT2 = 8,71 PT3 = 9,19 Bonus PT4 = 11,12
found these charts last night, all of them are up premarket