Coincidentally the .618 coincides with a breakout retest of the recent trend and a sell the news earnings. 12.25 PT reentry in the 10’s. First leg represents a 55% run. Short term neutral.
We do not know why 9/10 predictions today have a bearish outlook. This seems to not be tied to the SnP performance. This makes sense considering that the review is of very small companies. That is companies with very volatile stock. A word on shorts - they are extremely risky. We do not encourage or give financial advice for that matter anyway. We are not in the...
Looking on the daily a bounce on the 200 EMA today. RSI oversold. Still trading in a downward channel, but can easily get profits there aswel. Break below is not good but CAPE was down a lot today, still GOGL held up. I’ll try here.
Be aware as GOGL uptrend might be coming to an end. Keeping an eye on the possible formation of a head and shoulders here. The area of resistance is around NOK 96,-. Of course, still many options in play, but if we retest this area and get rejected the likelihood increases.
Uptrend Good breakout It's a good breaking and as you see breakout of levels can be a sure opportunity for entry .
If and only if current trend remains. Middle trendline may provide necessary support @72NOK if not, the bottom line will give strong support @68NOK if the current bull-run remains.
GOGL is consolidating inside the daily cloud, after breaking into it upwards. The key now is the downward long term trendline (blue), it's eyeing this one at the moment. If this breaks and retests, it's a buy from me for GOGL!
Golden Ocean Group has fallen a lot, although it has crossed several support lines, the stock has not received support. GOGL is now below the last support line, which could indicate that the share will continue to fall. Overall, the stock is in a very bad trend. This indicates sales. This analysis should not be seen as advice but for inspiration
Stop 8.35 Entry 9.40 Target 12.00
unfortunately I didnt have to be drunk in a bathroom to do these lines.... aha not funny just ...interesting
There was a Heavy oversupply in Drybulk. Downward, sideways until end 2019/2020 is my Outlook.