--Cup base pattern
--Breakout from a handle
--Hold support on the long trend line
--Risk: similar pattern of $EURN, these two stocks had merged. $EURN earning due in two days. Stocks will react. FED meeting tomorrow, but I don't think the FED meeting will have that much impact on these marine shipping stocks like the tech stocks.
--Reward: Marine shipping stock had good ER. See $STNG, stock was up after earning. There still demand for oil transportation. And I think this is the reason why marine shipping stocks all up from a couple days of pull back.
--Avoid choppy price action.
--Breakout from a handle
--Hold support on the long trend line
--Risk: similar pattern of $EURN, these two stocks had merged. $EURN earning due in two days. Stocks will react. FED meeting tomorrow, but I don't think the FED meeting will have that much impact on these marine shipping stocks like the tech stocks.
--Reward: Marine shipping stock had good ER. See $STNG, stock was up after earning. There still demand for oil transportation. And I think this is the reason why marine shipping stocks all up from a couple days of pull back.
--Avoid choppy price action.