* Great earnings
* Very strong up trend on the monthly time frame
* Very high 3-month relative strength of 2.73 in the Industrials - Marine Shipping sector
* U/D Volume Ratio of 0.85 (above 1 is preferred)
* Upper base depth of 19.06%
* Currently trading with volume 184.01% above its 15 day average
* During the formation of the upper base it also created a cup and handle pattern
* And is now breaking out with tonnes of volume.
Warning:
* Given the current market conditions, it's considered better to sit in cash and wait for the general conditions to stabilize.
Trade Idea:
* Now's a great time to enter since the price is really close to the broken level.
* If you're looking for a better entry, you can look for an entry opportunity near the $91.49 area.
* Consider keeping a tight stop since the general market conditions are unfavorable and also consider booking profits early for the same reason.
* Very strong up trend on the monthly time frame
* Very high 3-month relative strength of 2.73 in the Industrials - Marine Shipping sector
* U/D Volume Ratio of 0.85 (above 1 is preferred)
* Upper base depth of 19.06%
* Currently trading with volume 184.01% above its 15 day average
* During the formation of the upper base it also created a cup and handle pattern
* And is now breaking out with tonnes of volume.
Warning:
* Given the current market conditions, it's considered better to sit in cash and wait for the general conditions to stabilize.
Trade Idea:
* Now's a great time to enter since the price is really close to the broken level.
* If you're looking for a better entry, you can look for an entry opportunity near the $91.49 area.
* Consider keeping a tight stop since the general market conditions are unfavorable and also consider booking profits early for the same reason.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.