The BDI or Baltic Dry Index - measures the cost of shipping goods worldwide. For 2022 - the BDI is down -34.14%. Ukraine was a large disruption for Grains - Barley, Corn, and Wheat. Factually had material impact. The index's value is generated by the demand for the raw materials and the supply of ships available to transport them. There is absolutely no...
the first shark just realized change in trend (typical after shark) and 3 areas of TP in circle did Rafal Zaorski stop shorting BBI ?
about to form golden cross in the coming week or 2, accompanied by trendline as support as well as 100dma. from chart, I'll start scaling in around$1.
I do not think it closed the gap @ 0.71 yet. It as well may - and should - test resistance (descending channel from May 2019) at the same level of 0.71. So I think these two events will happen this week. And then... It did try to break through this channel 4 times already. Will this 5th time be successful and we will see it go back to 0.90-1.00 and then up to 4.00...
BBI is still a long in my opinion. For those of you who don't know, I think the current entry price is still pretty good. Post market recovery, this might start rallying again. Resistance and panic selling already been quite high and the negative positive retracement wedge is likely only to be better given trader's psychology. As always, this is on an opinion...
These are currently 4 penny stocks that I'm bullish on for a potential reentry: $MARK been beaten up alot, and I think the resistance might pop soon for a gap fill. BBI has been mostly bearish and should retrace soon for the next positive wedge. ADOM is a long hold. SLRX is one of those stocks that may be due for even another breakout. As always, please pursue at...
half volume today, low float. Holding support line well, on watch
BBI blackbird energy on the tsxv is shaping up a nice ascending triangle. I am a long-term holder of this from .19c but would be looking to add on a breakout above here.