Some say Car-carrier (PCTC ) trade macro is challenging in, others claim this comes to pass late '26 or '27. All the while generous dividends are an insurance. Short term movements may meet resistance, must hold +100-ish, looking to medio jan 2025 for more upside. Conensus TP : NOK 141
RSI has steady rising. Now price is meeting floor of rising RSI. Will it bounce once again?
Funny because as I just put my first post in yesterday on the "All-time support/resistance level of UKOIL, I didn't think it was going to play a part already: I can't help to stop wonder: Is it a perfect short opportunity? It comes down to how strong the "All-time support" act as (new) resistance, and technically it presents itself as a textbook setup because of...
I have som difficulties in placing the 'All-time bottom trendline'. As you can see from the this weekly chart the 'All-time bottom trendline' is giving support, while in the daily chart (in previous chart-idea that I've posted) it acts as a resistance line. I must admit: It's a bit confusing. Perhaps someone has a more correct answer, please let us know.
In 3-5 trading days (from march 19th - 23rd) Brent Crude could face these resistances at around $56.70: 1. All-time bottom trend line (thick bottom red) 2. Fibonacci time resistance 3. Fork upperband It will then also form the second of a three-wave downward pushe/movement. If it gets there I'll definitly be looking to short it from that spot.