Eagle Bulk Shipping taking flight. EGLEConfidently staring at X wave now post quite a classical zigzag. Any classic picture can only make our assessment easier. For instance, it is easier to pick X Wave post C Wave and then with greater confidence prescribe Fibtime to the Wave that is incoming. Goal setting is another aspect that becomes easier as well
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Egle
EGLE - Bullish Momentum From BounceEagle Bulk Shipping, Inc. is a holding company, which engages in the ocean transportation of a broad range of dry bulk cargoes worldwide through the ownership, charter, and operation of dry bulk vessels. It operates Supramax and Handymax vessels that transport minor and major bulk cargoes, including iron ore, coal, grain, cement, and fertilizer. The company was founded by Sophocles N. Zoullas on March 23, 2005 and is headquartered in Stamford, CT.
SHORT INTEREST
5.87M 08/15/19
P/E Current
26.27
P/E Ratio (with extraordinary items)
105.58
P/E Ratio (without extraordinary items)
26.33
Average Recommendation: BUY
Average Target Price: 6.52
EGLE POINTING TO THE UPPER CHANNEL?EGLE seems bouncing in this lower degree channel with a bullish divergence. If it breaks the previous structure i'm expecting the upper channel as a possible target. If it fails it is probably making a pullback to the lower trendline.
$EGLE Fibonacci Lines on Full Chart Got in this beast after hours @ 0.90. You can see the price action over the last few months. Not for the faint of heart!
Good luck longs...this is the type of squeeze we look for.
