Many of the shipping stocks that were posted as long trade ideas in the trading room on Thursday have already ripped up 50-200% or more in just a couple of trading session & are now at or approaching key resistance/target levels which could offer a quick pullback trade. Some of my favorites, along with possible [...]
As mentioned earlier, there are several recently stopped out long-side trade ideas that had not yet been removed from the Active Trades category. Below is a list of those stocks, followed by the reason for their removal from the Active Trades list. These trades, like all trades posted on the site, successful or not, will [...]
i've been so focused on trading the short-side that i've neglected the long trade ideas lately. although most of the active long trades are sucking wind along with the market lately, only a couple have been stopped out & will be removed from the active trades category (EXM & EGLE). here are the updated daily [...]
all the recently triggered shipping stocks still look fine today, regardless of the pullback in the group (which isn't a shocker after the moves they had yesterday). PRGN, EGLE, EXM, & DSX are all either back to or still above their recent breakout levels while DRYS is just below but sitting on that lower support [...]
the PRGN long setup has now triggered an entry. targets marked. note: another shipping stock in the long setups, DSX, quickly poked it's head above it's downtrend line this morning but pulled right back in. i'd suggest waiting for another move above before entering that one.
PRGN is still only a Trade Set-up ( a long-side entry would be triggered on a break above the primary downtrend line) but i've gone ahead and added targets to this updated daily chart. if the pattern triggers an entry soon, i favor at least T2 (second target) being hit but i did add T1 [...]