SEA (Guggenheim Shipping ETF) offers an objective long entry on this break above the yellow downtrend line. T1 (14.18) is the sole profit target at this time with a suggested stop below 11.90. It is highly recommended to view the both of the recent shipping stock video posted below if you have not already done so in addition to any other notes that were recently posted regarding diversity & position sizing within the shipping sector, especially if you plan to trade some of the individual stocks covered in those videos in lieu of, or in addition to SEA. More conservative traders & investors that would like exposure to the shipping sector might opt to keep it simple & just stick with SEA, which holds a basket of shipping related stocks and as such, provides for risk mitigation via diversity among various stocks.
SEA (Shipping ETF) Trade Idea
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