Long scalp SBLKBased on its uptrend, rebound from support and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF SBLK exceeds yesterday's high of $29.88 during today's session.
SBLK trade ideas
$SBLK Setting UpMarine shipping is back showing signs of leadership.
$SBLK calming down and trading tightly in the last 3 sessions while market selling off.
Notice volume drying up = supply stopped coming to market
Focus for next week.
$SBLK ready to push higher after printing a Pocket Pivot?Notes/Thoughts:
* Broke out of $29.87 once again this time with tonnes of volume and a printed a pocket pivot!
* With increased hedge fund activity it makes sense to get in now
* Has the relative strength and the UD Volume indicating that it's ready to move higher
Technicals:
* Sector: Industrials - Marine Shipping
* Relative Strength vs. Sector: 11.25
* Relative Strength vs. SP500: 10.98
* U/D Ratio: 1.24
* Base Depth: 21.77%
* Distance from breakout buy point: 1.98%
* Volume 106.73% above its 15 day avg.
Trade Idea
* The idea here is to play the pocket pivot.
* The pocket pivot seems to be valid as it's emerging from the 10/20 EMAs
* This seems like a good entry as it broke out from $29.87 with tonnes of volume and we can expect it to continue higher
* Managing risk tightly as I don't want to lose more than 4% on this trade
* If you're looking for a better entry you can look for an opportunity around the $29.87 area and manage risk accordingly
All set to double your money?Looks bullish and eager to go higher. It must stay above 32 for its next target of 70. In this market, energy and marine shipping stocks are doing great.
Star Bulk Carriers demotivated. SBLKGoals 27.05, 25.38.
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 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
$SBLK ready to move higher?* Good earnings in the recent quarters
* Strong up trend in the recent years
* Sector: Industrials - Marine Shipping
* Relative Strength vs. Sector: 66.27
* Relative Strength vs. SP500: 15.88
* U/D Ratio: 1.21
* Distance from breakout buy point: 0.44%
* Volume 48.37% above its 15 day avg.
* Broke out of an ascending triangle and move ~32% higher from there before consolidating
* Yesterdays candle shows tonnes of demand along the 10/20EMAs
* Has been using it's 10EMA as a dynamic level of support
* Broke resistance of $29.87 with higher than average volume
Trade Idea:
* You can enter now as the price just broke out once again with higher than average volume
* Setting a 10% target seems achievable as it's just above a historical level ($32.32)
* Manage risk accordingly as shipping stocks have been hard to trade recently.
Wait for long term positionThe pattern seems consistent but is slightly shifted due to the dividend.
Now is perhaps the down-trending period before ER/D. I actually don't think the result ER will be highly correlated to the trend although it gives a hint to the overall direction.
BTW, I believe the ER will be super good, but the market reaction will be whether the company has plans to convert the supply crisis to real profit.
As a long-term investor, I believe the best entry point will be 4-6 weeks after the dividend date if you are inclined to own this company stock with the averaging buying strategy. Adjusting point for exiting might be a few days before the MACD converge point (+0.25 or above) after the dividend date.
2/9/22 SBLKStar Bulk Carriers Corp. ( NASDAQ:SBLK )
Sector: Transportation (Marine Shipping)
Market Capitalization: 2.726B
Current Price: $26.66
Breakout price: $27.30
Buy Zone (Top/Bottom Range): $23.95-$21.95
Price Target: $30.70-$31.20 (3rd)
Estimated Duration to Target: 77-82d (3rd)
Contract of Interest: $SBLK 5/20/22 25c
Trade price as of publish date: $3.00/contract
SBLK Long Idea breakout tradeSBLK weekly is breaking out of resistance with nice MACD bull cross.
I like the shipping sector right now and am going long shares here, -8% stop
Star Bulk Carriers sinking. SBLK Immediate targets 20 and then 19.
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 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
11/28/21 SBLKStar Bulk Carriers Corp. ( NASDAQ:SBLK )
Sector: Transportation (Marine Shipping)
Current Price: $20.95
Breakout price trigger: $21.00
Buy Zone (Top/Bottom Range): $20.80-$19.60
Price Target: $22.00-$23.20 (1st), $25.00-$26.00 (2nd)
Estimated Duration to Target: 26-31d, 74-80d
Contract of Interest: $SBLK 1/21/22 20c, $SBLK 2/18/22 20c
Trade price as of publish date: $2.00/contract, $2.40/contract
The deal was closed on SBLK stock with a profit of 7% in a week Alhamdulillah , The deal was closed on SBLK stock with a profit of 7% in a week.
I wish good luck to everybody.
SBLK: One to watch for your IRA. High yield and growth.Based on the wave pattern I think there is a good chance we may have a drop over the next week or two to close a gap and complete the expanding triangle (see hourly chart). This is a high dividend stock ( currently around 14%). If so I will go long.
Process your way and make your own decision.
If you like fundamentals see:
seekingalpha.com
Buy SBLK 18/11/2021You can buy SBLK target 24.06 stop loss 16.59
Money management your responsibility.
I recommend entering a maximum of 10% of the portfolio.
Good luck
WATCHING $SBLK - Key Levels and Analysis WATCHING $SBLK - Key Levels and Analysis
SBLK looks wildly overdue for a trip back to it’s moving average. That last run broke the macD, LOL!!
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
SBLK: Asceding Triangle (77%)Bulk carrier are seeing a big rise in their selling prices and huge demand from all industrial fields.
With upcomming ER (Nov 16th) and predicted EPS increase, price action could pop.
Ascending triangle, not confirmed. May confirm this coming week.
If confirmed:
Price target = 44.15$
Stay humble, Have fun, Make money!
WATCHING $SBLK for entry at 19.10 Analysis & Key LevelsWATCHING $SBLK for entry at 19.10 Analysis & Key Levels
Red = Resistance
Green = Support
Blue = trend lines
180 EMA = Purple
I am not your financial advisor. Anything can happen… I’m just posting what I see… but the risk is on you if you decide to trade the setup with me.
I certainly don’t win them all so be mindful of your position sizes and do your due diligence. I’m happy to answer questions to the best of my ability.
