Top Ship has broken a long term descending structure with a big bullish divergence on daily and weekly. Now it seems in a consolidation phase. If the rising trendline holds i'm expecting a bounce around 4$ level.
Thanks for the chart. I'm new to trading and I've been following TOPS. What makes you expect a bounce at $4.00?
cantestogo
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You are wellcome. When i see a long term trend broken in a certain way i look for some kind of patterns that repeat themselves. What if the price drops to 1$? I'll probably miss that trade because it wasn't what i planned.