The following daily chart lists the two current official price targets (T1 & T2) for the BWET (Breakwave Tanks Shipping ETF) short trade idea highlighted here in yesterday’s Shipping Sector video. The additional lower support levels mentioned as potential targets are only that (potential), at this time, but may be added as official price targets, depending on how the charts develop going forward. The maximum suggested stop (if targeting T2) is any daily close above 128.10 or lower, if only targeting T1.
BWET daily March 25th
I’m going to hold off from adding any of the other shipping ETFs or individual shipping stocks covered in yesterday’s video as official trade ideas for now, at least until & unless I see some additional bearish technical developments in the sector.