Changes in Latitudes, Changes in Attitudes for Shippers

Unlike previous instances when shippers rallied over the past few years, this round of frenzied buying has not been prone to a violent, immediate rollover. Instead, we can see two bull flags in a row on the Genco daily. A declining 200-day moving average indicates the shippers still have more improvements to make, but as I have been detailing for the past few weeks they are indeed making strides and exhibiting changes in attitudes in price action.

__________________________

Comments are closed.
Previous Posts by chessNwine

Changes in Latitudes, Changes in Attitudes for Shippers

Unlike previous instances when shippers rallied over the past few years, this round of frenzied buying has not been prone to a violent, immediate rollover. Instead, we can see two bull flags in a row on the Genco daily. A declining 200-day moving average indicates the shippers still have more improvements to make, but as I have been detailing for the past few weeks they are indeed making strides and exhibiting changes in attitudes in price action.

__________________________

Comments are closed.