Golden Ocean Group Limited (Nasdaq symbol is GOGL) is now breaking up from its parallel channel and could touch the $15.50 level in a matter of days, on the daily chart. Please note that all my trade ideas deal with very liquid stocks from well capitalized companies. Stay tuned (or hit that Follow button) for updates and more trading ideas. Happy trading and...
Golden Ocean had quite a run from lows in March 2020 to late May 2022 of +490%. Since then stock is down approx 40%. We now have this H&S pattern on weekly chart which signals a change in trend and also a possible Death Cross on daily chart in the making. Technicals are bearish and fundamentals are not looking great with Chinas economy slowing down and consuming...
Goals 11.04, 10.51. Invalidation at 14.35. 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 purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels...
Broadening Wedges can be observed on chart, initially a bullish one that pushed price into its long seen downtrend Following this a bearish wedge is observed, which is accompanied by 200MA rejections Right now price has experienced a double bottom, which is considered to be a bullish pattern. Pushing price out of the downtrend and leading to the now seen break...
We do not know why 9/10 predictions today have a bearish outlook. This seems to not be tied to the SnP performance. This makes sense considering that the review is of very small companies. That is companies with very volatile stock. A word on shorts - they are extremely risky. We do not encourage or give financial advice for that matter anyway. We are not in the...