Just about everyone has been talking about how essential shipping companies are to our daily lives, which became even more clear thanks to the COVID-19 pandemic, myself included.
With our supply chain a shambles, we’ve seen everything from large cargo ships being stranded in the middle of the ocean to mass shortages on basic items like lumber, poultry, pet food and toilet paper…
And just as we thought the worst was behind us, a war erupted!
So it doesn’t matter what way we look at the Russia-Ukraine war…
Supply chain bottlenecks will continue to persist for the foreseeable future, but the savviest investors already know that… which means we need to start targeting these top shipping stocks now!
Is this market driving you nuts? Because I can’t stand it...
The trading environment we’re in right now is what I like to call a “chop shop” market. No matter what type of trader you are — bull, bear, commodities, volatility, etc. — the stock market is dishing out huge losses like you wouldn’t believe.
Whether you're a macroeconomic type of person or like to specialize in crypto, I can almost guarantee there’s a good chance you’ve gotten your butt handed to you at some point in 2022 — due to some type of violent trend reversal.
So anyone who’s been trading this tape… or trading for decades like me… will tell you it’s one of the hardest we've seen in a long time.
“Another good session today, thanks guys. I like the way you are presenting it step by step, keeping it simple.“
Ritz V.H.
A Double Bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The double bottom looks like the letter "W." The twice-touched low is considered a support level.
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