Sitting on the 50 dma as support. Not sure it moves today but its worth looking at.
Anyone looking at GNK here at 18.85 ?
- Thread starter brass_trader
- Start date
Price/Book of 1
2.1% dividend
It's not going anywhere fast, my bet is it sees $17.50 before $20.
you may be right. That said, i am in at 18.65 with a stop loss. I am “ betting” it closes above the 50 dma today.
simply remove the 50 dma as that is causing confusion.
very big picture - it is bullish.
now look at the daily chart. it has been very messy.
so it will continue to be messy until the chart says otherwise.
i agree with that Maxinger.
1. Price has whipped back and forth across 50MA "Like it doesn't mean anything". That's because, 50MA DOESN'T MEAN ANYTHING JUST NOW. (There are times like that.)
2. Is in moderate "up channel", so BOD to longs is reasonable for now.
%%
I cant take off 5odma,LOL/ IBD will not permit that/LOL.
But using mr max's wish, remove 50 dma/Don channel is good stair step,2021 up...........................................................Good uptrend/ I like it better @ $20 than $200+ its done both. Back to TQQQ, twm charts for me.
Female trader wrote a good trading article on shipping sector years ago
$17.15 close on Friday.