Nice rally above the 200ma and sets up a possible move to $7
1. Bullish Engulfing on the daily 2. Bounced off the 200 MA 3. More support than face tattooed Instagram kids get from their mothers.
GSL and Posiedon have agreed to a merger to take place sometime in November. GSL is being valued @ $1.78 a share by Posiedon and receiving over $200mln. With GSL trading at close today at $.95 the upside on the deal alone is great. But also now take into account the shipper run that has taken place the past couple Novembers and I believe we have a perfect set of...
Watch GSL for falling close to 52 week low.A good buy in would be around 1.17-1.06 to hold long term.I would buy in 1.34 for a short term long because of the indicators say the bottom is near.
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