CTRM trade ideas
CTRM - Shipper long - Huge Insider buyCastor Maritime Inc is a provider of seaborne transportation services for dry bulk cargo, including iron ore, coal, grain, steel products, fertilizers, cement, bauxite, sugar, and scrap metal, among others. The firm operates under two reportable segments namely Dry bulk; Aframax/LR2 tanker; Handysize tanker and Container ship. It generates maximum revenue from the Dry bulk segment.
Investment Update - Not Financial Advice
Date: April 8, 2024
Company: Eagle Bulk Shipping Inc. (NYSE: EGLE)
News: An insider at Eagle Bulk has purchased shares worth $11 million.
Market Data:
Shares Outstanding: 9.65 million
Market Sentiment:
The market sentiment remains bullish. However, be cautious as a market correction could potentially undermine this trading strategy.
Key Levels to Monitor:
Resistance Levels: 4.7, 6.5, 7.2. A break above these levels may indicate potential for further upward movement. Consider taking partial profits at these points to secure gains.
Stop Loss: Set below 3.0 to manage risks.
Target Price: Approximately 8.5.
Additional Information:
Detailed information and further insights can be found on the associated trading chart. Stay vigilant and monitor market conditions closely.
Reminder: Trade carefully and make informed decisions.
Castor Maritime: Setting Up For a Falling Wedge BreakoutCastor Maritime is a Maritime Shipping stock that's been on my radar along with its falling wedge, but I have only just recently gotten interested in entering after seeing the quarterly earnings finally start to turn around along with seeing the price action finally test the 21-week SMA as support. With all of this being done it is worth considering the fact that CTRM's PE Ratio is currently about 1.5x which is pretty low even for this sector. I think we may be setting up for an ultimate Bullish Breakout that would take CTRM up to the 61.8% Retrace up at $8.94
CTRM High Tight Bull Flag in Consolidation LONGCT
CTRM jumped about 20% with earnings in my idea published as that was occurring.
It is now in consolidation for two days on the 30 minute chart in what appears to be
a high tight bull flag pattern. These patterns are typically predictive of a bullish continuation
with decent reliability. The continuation can can be as much as the height of the flag
pole which is about 0.13 and so a continuation could be in the neighvborhood of 13/57
or about another 22% higher.
My trading plan is I will buy when price breaks above the flag's parallel channel with a stop
los below the channel. If there is a breakdown I will consider going short with a stop loss above
the parallel channel. Longside my target will be 20%. If I go short, I will target a 50%
retracement and so about 10%. For the time being, CTRM is on my penny-stock watchlist
as a long trade.
CTRM Jumps Today Reports in the MorningOn the 15-minute chart, I see CTRM as being well-positioned among traders for
high volatility on the report of earnings. The pump today has printed a tight flag
pattern with consolidation this afternoon. If earnings are okay or even better I see
this penny stock making another 10-15% move just like today. If on the other hand,
if there is a miss, a drop of 5-8 % as a retracement could easily unfold ! The meat of
the matter, is reading the price action and volumes in the premarket and preparedness
overall. Stop loss 0.497 below the Doji candle. First target 10% second 15%
Castor Maritime - Part of a new waveA new wave upwards, caused by the huge demand for oil transportation in Europe.
Let's hope the weekly candle breaks pass the ichimoku cloud and 2.12 resistance.... and all the way to fill the $7 gap! That would be amazing! Although it my require more good news for a liftoff to that level.
Apologies my earlier chart was too zoomed in, to show the gap that needs to be eventually filled.
Casting Upwards! Amazing EPS, PE and PB. Castor is a company with extremely low debt. And the current business cycle I'd helping it earn suepr normal profits.
CTRM Longs Are Brewing Hello everyone! Trading as a Business here!
CTRM longs are brewing. Are you prepared?
CTRM - Castor Marine ER playCastor Marine MC is less than half of assets. Meanwhile, they have record revenue and profits Q over Q and Y over Y. In short, they're making a killing. They ended their ATM in June. There is no need to raise additional funds and can easily make plays for additional vessels with cash flow. The company is likely considering dividends at this point and should be coming by early 2023 (latest), if not in Q3. Longer term descending triangle in play with termination near early August ER. MAs getting tightly packed and average volume has slowly decreased over the past 6 months. Bottom is in and looking to break out and fill gap above between $6.03-7.20.
CRAZY OPPORTUNITY! 😈 Hi there, Yurii Domaranskyi here.
Risk vs Reward = 1 to 44.83 ✨
It means if you risk here 100$ you may make 4483$ Not bad, huh?
Revenue of $54.64M (+683.9% Y/Y).
EBITDA $27.9M for the three months ended March 31, 2022, as compared to $2.6M for the three months ended March 31, 2021; and
Cash and restricted cash of $84M as of March 31, 2022, as compared to $43.4M as of Dec. 31, 2021.
I've been waiting for this one for long time🚀Hi there, Yurii Domaranskyi here. Today here I've no time to write about fundamentals. But it's great! Check it out yourself!
Risk vs Reward = 1 to 50.67
It means if you risk here 100$ you may make 5067$ Not bad, huh?
CTRM HUGE PUMP INCOMING?Last time when 100 MA crossed 200 MA we saw huge pump of this stock . Now you see bullish triangle and RSI hold level above 50. waiting for something interesting.
Not financial advice , im just learning TA!
CTRM daily w/upside PTsCTRM is coming off of 52wk lows in an ascending triangle with dramatically improving financials. PTs are green horizontal lines using volume nodes and then the large gap in the $6s and lower $7s. Golden cross estimate for later this month placed on chart. GL!
All set for another leg up?It could hit $2.75 as long as it stays above that blue trend line. It can go back down if it closes below that blue line.
$CTRM Shipping stock Idea$CTRM Shipping company
Worse case 👉🏻 Don't break resistance , back down to $1.50 area
Best case 👉🏻 Break $1.95 and hold , we'll see more upside IMO
The only thing going for diluted shipping companies is that the business is high in demand atm!
CTRM Keep BUY - 2022 See 2025!I think the CTRM touched lowest price in their share price.
No more going down.
I bought the CTRM at 1.350 with 1K. Now I have profit around 6%.
I am holding it until 2025.
Let's see how much profit CTRM will make for me.
CTRM - Long Bullish - End of ElliotWave Hello,
I think last wave of the ElloteWave is completed. Based on Fibonachi , It will be 2.65 area.
If you see more up 2.65, it will be stable stock. But WBS might try to manipulate this stock price, because the company volume is size.
Good Luck.
Strong tailwinds are coming for CTRMSince the R/S CTRM has dropped hard, and I suspect it is heading down to close the smallest gap I’ve ever seen but nonetheless still a gap. While it is true that not all gaps needs to be closed before price can move in another direction (all depending on the different types of gaps) this gap however I do believe will be closed. It is lined with orange color. CTRM has been extremely successful closing new leases and expanded its fleet under Covid-19. The ERs are very impressive and they indeed indicate that a strong up move is on the way. My PT for ultimo 2023 is $28.
Not financial advice. Do your own DD.
CTRM - No BUY (Wait Until hit $2)CTRM-Daily Candle.
I have failed my forecast multiple times for this Penny Stock.
In current chart, I am posting my analysis one more.
* BUY Zone : $2 for long term investment (it is very safety zone for the long term investment).
Current Price : $1.43.
Shorterm Forecast : Sideway between $1.45(1.50) to $1.395.
Do not buy this stock, because the CTRM is heading to $1.12 (0.12 before RS in 2021).
CTRM can be possible to do another RS if the price is moved below $1.12.
It is very dangerous.
: It is not recommendable for the Investment.
1. There are 2 Employees in CTRM - CEO and a Director (a member of Family)
2. Eventhough Good Earning Report, the stock price is moved down.
3. All of Cash flow is coming from selling stocks.
4. Looks buying more vessels because of Dedcting Buesiness Income Tax : All of Income Source is from selling Stocks currently.
5. CTRM bought several vessles. There are huge expenses for maintenance Vessels like Insurnace costs and Harbor Utilization fees.
6. Hired many contractors - Payroll Issues
7. No Loading Shipment by Covid-19 and Ominicron.
Reverse Split has no limitation in Nadaq. CTRM can do mulitple RS until Covid Pendamic is gone.
One of Ph.Biologist said the Covid issue will be gone at Q4 of 2022 or 2023.
- CTRM CEO - If CTRM is faced financial issue, CTRM can increase Stock Price intentionally to sell his own stocks.
- CTRM Investor - If Investors stop buying this stock, CEO will increase Stock Price to sell his own stocks because CTRM has to pay a lot of Business Expenses.
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Good luck. Holding BUY until $2 or BuyLimit at $2.
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