Chart Scan – Jun 15, 2022

Interesting chart, another sharp gap down back in May, assuming bad numbers released, but created a nice bottom bounce chart.

It might see some challange getting over the 20MA (Green Line). MACD is very low, pre bullish, so is the RSI but Acc/Dist is a bit high, showing that maybe a 10% swing on this one.

Has been in a contant downtrend, has shown a lot of fake bounces, so the at this time, we see the chart testing the 20MA (Green dotted line) once it gets over this point, it could begin a breakout.

MACD is low, RSI is midlevel and Accumulation/distribution is rock bottom, the one piece that gives me confidence that this could be the bounce point.

This is a volitile one, catch it at the right moment and I think this is now, but once again, it needs to get over the 20MA Green Dotted Line, once its over this line and has esstablished as a support point, it could make a small run.

Accumulation/Distribution is a bit high for my liking, but could give some gains.

RSI and MACD are in a pre bullish formation. 

A classic bottom bounce chart, but again has to get over the 20MA.  Perhaps a small play from 2.50 range to 2.94, but once it gets over the 20MA and esstablishes it as a support point this coudl test the $3.70 levels.

RSI is oversold, MACD is very low, pre bullish, and Acc/Dist is at bottom levels showing that it could move up for a few days before it signals a pull back.

Shipping companies have been taking a beating over the past two years and semes like these guys didnt meet their numbers either, causing a massive pullback and creating the opportunity for a bounce.

First trend COULD be from .70 to 1.10 range, and maybe a second flip when it tries to test the 20MA (1.18$)  resistance.

MACD is very low, pre bullish, RSI is OVERSOLD and Acc/Dist is rock bottom because of the crash. Watch close.