Have we missed the ship?
This company operates a fleet of dry bulks transporting commodities. This stock break up from range between $14.80 to $17 on 9 June with slightly higher than usual volume.
As the price has broken out from range, there is higher probability of a retest around $17 but if price stays above $18, the next target is $24 or beyond. Will be interesting to see price movement next few days.
The nearest support is at $18 if more conservative, else would be around $17.
As the price has broken out from range, there is higher probability of a retest around $17 but if price stays above $18, the next target is $24 or beyond. Will be interesting to see price movement next few days.
The nearest support is at $18 if more conservative, else would be around $17.
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