Golden Ocean has managed to get above a previous tough resistance zone and attempted to break out further.
The first attempt failed.
So far have GOGL managed to stay above the previous resistance zone at about 4.
Baltic Dry Index has rallied more than 300 % since its bottom while GOGL has "only" rallied about 67 % so far.
There should be a further upside potential...
Dry shipping is breaking out.
Golden ocean group is a major player in this industry.
The Baltic Dry Index is now above 1000.
Prepare for a massive move.
Just look at the chart. It is self explanatory :) Breakout from a long consolidation triangle + breaking above the 100 EMA. Baltic Dry Index support this move.