the next days should confirm whether the pattern still holds or not
genco is estimated to be worth 9$ according to the famous shippinganalyst joakim hannisdahl. will it reach its full valuation before the middle of the month of may???
genco since the oil deal has been going up. probably because the cn50 has too. it seems to be very correlated to the chinese stock market and the cn50. same movements more or less even though they are not traded on the same continent. fascinating.
seems to follow the trendline before sudden spikes, although each spike seems less pronounced than the earlier one
genco shipping vs shanghai composite, shanghai 300 and ftse china 50
Entry level $11.25 = Target price $13.40 = stop loss $10.60 Major breakout possible in this beaten down stock which is following the Shippers surge after NYSE:SALT posts superb earnings and rates continue to increase. Company profile Genco Shipping & Trading Ltd. is an international ship owning company. It engages in transporting iron ore, coal, grain, steel...
This is a terrible breakout strategy stock, but looks promising for a range bound strategy to profit off the highs and lows. Any suggestions on a strategy that leverages both Bollinger and Trend lines to determine buy/sell points, which are both are depicted with two overlays in the chart.
I love using overbought and oversold analysis and patterns when scanning for moves. This is overbought. RSI (not pictured) was up over 77 on the 1 day chart. Anything above 70 typically triggers an alarm for me. I'll be looking at a mark around $9.50 as a good "buy to close" price but obviously $8 a share is not out of our target range here. Let's see if we...
important see below for blueprint-stoc crossed at bottom-
GNK is in a strong downtrend but i'm expecting a breakout to the upside. A strong pullback in the dotted line can indicate a deeper correction before the breakout. Potential gain above 55%.
Threatening to break above trend line resistance. RSI over 50 and momentum above 0.
Threatening to break above trend line resistance. RSI returned above 50 and Momentum crossed over 0.
Threatening resistance level. Triple SMA cross (20, 50, 200) in play.
We have to focus on resistance of 2.57 usd but if today have a good day and stay up from this point maybe will have higher prices