World's Largest Shipper plummeting breaks BARR Formation
It seems as if Maersk is stabilizing along with the oil price. This trade will be setup as a short term trade but it could also be traded as a long-term investment. It has a MACD turnover on the daily chart. Open: 8915 Target: 9500 Stop-loss:8500 Read more here : www.investarting.com
Just a quick thought on Maersk B if it moves higher. Daily downtrend so the potential short setup from the 5-0 or reciprocal ab=cd would be with the underlying trend, although I think it could be close to the bottom.
Just some observations on time/cycles. Maybe it means something, maybe it doesn't, but it looks like we could see some relief soon. Great potential support zone too. Monthly chart:
I'm excited to follow this stock!