$CTRM Falling WedgeCastor Marine Inc. Buy the break out for a quick 20% return.
This stock historically does allot of diluting and previous was a thorn in our side. Payback time :)
CTRM trade ideas
$CTRM Castor Maritime: The cup is starting to take shape! $$$$$$CTRM, company in the dry bulk shipping sector. Currently expanding considerably in material. In the coming days we can expect earnings from this great company with potential. We also managed to reach the 10/10 days for compliance by quoting 10 days above $ 1. The cup is starting to take shape and so all signs point to this stock being hugely bullish!
$CTRM I think the target will be 2.6$CTRM is uptrend above MOV50
RSI > 40
MACD will cross
CMF > 0
I think the target will be 2.6
Bullish short termOn a 4hr chart,Looks like CTRM Wants to make a inverse head and shoulder and may run off. Correct me If iam wrong.
IMPORTANT day for CTRM Castor Maritime has to close above 1$Important day!! 10/10 days that we have to close above 1$ to keep it at NasDaq. But...! Only buy at the end of the day to let it run to our target. The closure above 1.00$ is the most important. What happens throughout the day is unimportant in my opinion!
I have taken a close look at this company. In my view, the rise will continue uninterrupted unless the entire market has a dip day that pulls CTRM down with it, but that is a healthy correction. The company continues to purchase ships, which will be very good for their revenue stream in the long run. However, the earnings that are released on 3/3 may disappoint somewhat, because of the purchases the cash may be lower or the debt may be higher. Depending on how they bought it. There is enough cash, but long-term loans are also possible to finance these purchases. I am very positive about CTRM so i will keep them for the long run. From 1 dollar a lot is possible in a positive way. For example, look at the increase in Fuel Cell stock (FCEL), 1000% within 6 months. I see something like this possible with CTRM.
CTRM - FEB- WEEK 3 - UPDATE - BULLISHSome people had some questions abouts prices, possibilities, etc so I hope this makes things a little bit more clear. If not, feel free to ask questions.
***EVERYTHING IS ON THE CHART!***
-->Disclaimer: These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. This is my opinion/idea. Not financial advice.
$CTRM 3.17$ Target Castor MaritimeIMO CTRM will Wednesday have an 2nd moment to buy at 1.20-1.30. Thursday start with another run to 3.17.
LONG CTRM Breakout Here we see CTRM forming up to hit the bottom support. Look for it to bounce then retest the top resistance. Have a stop set incase it falls.
CTRM: Bulllish FlagBullish Flag
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
Golden cross in blue
ATR Ascending
R/R ratio above 7
Cons:
200MA flat
250RSI below 50
Target:
PT = 2.53$
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CTRM Long CTRM Long Retrace in progress to .50 and a possible test of 0.618. Bullish price action at or around these key levels will confirm long position to 2.57. A break above sends it higher.
CTRM 12-02-2021 POSSIBLE SCENARIO Bought more shares 1,42$
Today/Friday gives us an extra buy opportunity because of profit taking for the weekend etc.
Expect it to follow the trend line from now on. Good support at these levels.
DISCLAIMER; MY OPINION/IDEA, NOT FINANCIAL ADVICE.
US Stock In Play: $CTRM (Castor Maritime Inc)$CTRM surprised with a further soar of +45.38% after the shipping specialist announced the purchase of new vessels. The most recent round of accumulation was previously highlighted on 2nd Feburary, with total gain achieved by $CTRM for 2021 stands at +811.01%.
The accumulation of $CTRM was first reflected on 4th December 2020, followed by various rounds of stronger buy pressure experienced on 30th Dec 2020, 5th Jan 2021, 11th Jan 2021, 21st Jan 2021, 27th Jan 2021 and 5th February.
At the current junction, $CTRM exhibited a similar Bearish Spinning Top candlestick pattern that was printed on 28th January 2020. Further negation of this short bearish signal requires $CTRM to clear $1.95, with the immediate resistance ahead set at $2.40
CTRMI’m not playing this penny stock but I know many people are pumping these penny stocks right now. The risk to reward is not worth jumping in at this level but if you already have a position, I would consider securing some profit before $2 and before $2.60. Strong support below is ~0.90 cents. A lot of red flags with the major indices and volatility index (VIX), so exercise some caution ⚠️! Less than 5 stocks under a dollar in the non-OTC market, be aware of the “Dash for Trash” penny stock pumps going on!
