Sometimes trading success comes from intense analysis, study, and speculation. Other times, it comes with a kind of “how the hell did that happen?” While I am not in this trade myself, it is shaping up so like a quiet sector that I wouldn’t have expected to show benefits from the current geopolitical climate. But shipping has been slowly rallying lately. And they are showing patterns that don’t look like they are just short-term blips. They are showing some decent basing for at least a medium-term swing.
Very bullish set up here on a shipping company. The really intriguing part is the circled bottom. That was April 2025, the bottom of the Tariff Tantrum last year. It seems a little counterintuitive that jacking up tariffs would be beneficial to a shipper, no? Well, I’m not 100% sure of the economics of this shipper, the market loved it and here it is showing not only a massive basing pattern, but it’s actually broken out, retested the breakout level, and is back to pushing up towards those highs again. This might be worth a good pop in coming weeks at the very least.
This is yet another one with a long basing pattern and is pushing up above it in recent weeks. I’d aim for $30’s, possibly $40 max. The historical chart looks ugly on it, so I wouldn’t hold onto this one past the target without taking some off the table at least up there. But still, worth a buy.
This one has less “oomph” to it, but if the sector’s hot, you can’t discount any of them. But I wouldn’t load up the truck on this. There is definite coiling up underneath the 200 Week MA, so that is big technical resistance, but it’s pushing up nonetheless. I’d look for a test of $4 as a safe target and probably unload most of the position up there.
Same Idea, just posting the chart to show the pattern.
I thought this was just an interesting sector to see money pouring into for a good year now and it seems to want to continue to push its way up. Of all the sectors I would have thought would be showing more sideways action, the patterns are there.
