MBSS : Energy Shipping Company
The chart is bullish
Supporting data:
1. Price making a bullish trend, Higher Low one after another
2. Confirmed Cup and Handle (a perfect 61.8% Fibo) which already broke previous supply zone and retraced
3. The retracement happen with a bounce inside the green box (which describes a demand zone on weekly timeframe)
4. What will happen now is some consolidation before upward movement
As the phase of energy sector (especially coal) prevailed 2 months before, so will the sector of its shipping
Sail it to the moon, ppl
The chart is bullish
Supporting data:
1. Price making a bullish trend, Higher Low one after another
2. Confirmed Cup and Handle (a perfect 61.8% Fibo) which already broke previous supply zone and retraced
3. The retracement happen with a bounce inside the green box (which describes a demand zone on weekly timeframe)
4. What will happen now is some consolidation before upward movement
As the phase of energy sector (especially coal) prevailed 2 months before, so will the sector of its shipping
Sail it to the moon, ppl