CTRM trade ideas
Castor Maritime INC.I'm just publishing a quick markup of Castor Maritime Inc.
$CTRM engages in the provision of shipping transportation services through it's ownership of dry bulk vessels. They also offer seaborne transportation services for dry bulk cargo including iron ore, coal and grain.
I came across this stock when someone from this financial group I'm apart of mentioned it in the forum. At the time it was trading at $0.3006 per share, but it's raising fairly quickly. Price action recently broke market structure with very strong bullish momentum and it's currently heading towards a pivot area.
I would look to shave off some profits from any open positions, read the tape and allow the rest to ride with the rally. We shall see..
CTRM 10-02-2021 POSSIBLE SCENARIO CTRM 10-02-2021 / Possible scenario
NOTE: VALUES ARE APPROXIMATELY
EVERYTHING ON THE CHART
MY IDEA/OPINION. NOT FINANCIAL ADVICE.
***CTRM BULLISH_PULLBACK_NOT_PULLPANIC***
Expect a pullback towards the (0,5-0,618 FIB)
In other words towards the (0,8774-0,9007 Price)
This as a result of a good run yesterday.
This is a pullback/profit taking, not a pullPANIC. It gives us a new buy opportunity.
After this, I expect it to continue following the uptrend and a breakout above 1 dollar
Above IF it doesn't break the 1$. If it breaks the 1$, I expect it to breakout immediately towards targets.
So no guarantee for a possible 'better'entry or extra buy opportunity.
Carefull with trades due to high volatility!
Price targets:
Short term: 1,85-2,25$
Long term: 4-5$
Hold: 5+$
Will sell half position at short term target. After that, I will sell 25% at long term position. I will hold the last 25% for 5+.
DISCLAIMER: THIS IS MY OPINION, NOT FINANCIAL ADVICE.
Hoping for the best for CTRM. /beginner level/Hoping CTRM will go up to 1.20 we have a really good strong uptrend channel the indicators are showing us it can break. If it breaks the ressitance line that it created Monday we could expect to go up.
/I am a beginner I have been studying technical analysis since January this year. Made a lot of progress from where i started with zero knowledge./
CTRM breakoutCastor Maritime recent breakout. Expecting a slight pullback before a continuation, we know the momentum and direction now find an entry at a lower timeframe. Seeing a flag forming on the 30min. Last week I highlighted the ellipse showing area of value on it, this week we got the break. Patience, these trades are out there!
Thank you for viewing, feel free to message me with any questions!
CTRM potential breakout Been consolidating for a little while and now seems to be testing previous highs, hoping we can see a breakout over $1 soon
buy castor maritime ctrm"engages in the provision of shipping transportation services through its ownership of dry bulk vessels"
Makes sense to long this one as the market prices in coming out of lockdown.
Could double easily, hit $1 if day trading
CTRMCastor Maritime Inc (NASDAQ:CTRM) made a strong upside reversal Friday on heavy volume. Expect an initial run up to 90c with a break higher moving to the $1.2 zone. SL 60c
--CTRM BULLISH---It is not if, it is when it will breakout. Company is undervalued. Good long term investment IMO. Expect a big move soon.
-NOT FINANCIAL ADVICE. MY OPINION
This thing is about to explode to 1.18$ Huge 1 year cup and handle. Waiting for breakout confirmation!!!.
US Stock In Play: $CTRM (Castor Maritime Inc)$CTRM continues its momentous ascend of share price with an overnight rally of +14.53%, closing at its 7 months high of $0.71. This accumulates to a total gain of +272% since the start of 2021.
The accumulation of $CTRM was first reflected on 4th December 2020, followed by various rounds of stronger buy pressure experienced on 30th Dec 2020, 5th Jan 2021, 11th Jan 2021, 21st Jan 2021 and 27th Jan 2021.
At the current junction, $CTRM remains inside a Bearish Spinning Top candlestick pattern that was printed on 28th January 2020 due to news of restricted trading on $CTRM for being one of the reddit’s WSB target. The negation of this short bearish signal requires $CTRM to clear $0.90.
CTRM Castor Martime INCIts definitely worth the investment, but we are still awaiting further signals
