What can i say except welcome, i'm just playing i'm just playing what is up? Everybody welcome to trace trades. We get technical analysis and different stocks in the stock market, as well as potential buy, hold or sell opinions on these given stocks. I, like your purpose by saying that i'm not a financial advisor nor expert so take what i say with a grain of salt. Let's get into the video today, we're gon na be giving you guys an update on ticker symbol, ctrm caster marie time incorporated guys.

Oh, my god, i was so excited to talk about this stock here today and i'm very, very happy for anybody out there that decided to get in a position into this company because gosh, i feel so so freaking good about what is to come with them. So uh, if you were able to catch my last video, i did post about them in uh. I think it would have been yesterday. I said i expect these guys to pop off pretty hard and there's also some pretty interesting numbers that i think are going to contribute a lot more to what we've seen so far so buckle in for the video we've got a lot to talk about we're gon Na talk about the fundamentals of the company, what they do overall, as well as the financials, any recent news, catalyst that we might be interested in, i am going to show you guys some overall short interest numbers, because that is going to play into the potential of Ctrm, i think these guys are a great mid to long-term hold company, but in the short term they do a potential, for, i would say at least a small to medium-sized squeeze.

So that is going to be good and then finally, we're going to look at the one-month chart, as well as the one-day one-minute chart to get both a macroscopic and microscopic perspective of the stock. I've got three different indicators pulled up the rsi, which is the relative strength index, anything over 70s or a bot. Anything under 30 is oversold, 200 ema and then the 15 day ma the 200 ema. Is this purple trend line right here? This is the exponential moving average, which is a price, action-based valuation trend line over a 200-day moving period.

Then the 15-day ma is the moving average. Some brokerage accounts call this the sma, which is a simple moving average, and this is a price, action-based valuation trend line over a 15-day moving period. I use these both side by side, so we can get a macroscopic versus microscopic perspective of the price action, so we can predict upcoming, breakouts we're going to talk about all these guys if you have not gotten into this stock, i want to give you some potential Entry points and exit points if you're looking for a quick swing or a mid to long-term hold so buckle into the video guys, we've got quite a bit to talk about now. What do they do right? Let's just take a quick, peek, pastor.

Marie time is a cypress based company, this company is engaged in the ocean transportation of dry bolt cargos worldwide through the ownership and operation of bulk carrier vessels. It also aims to increase its fleet through acquisitions of new and modern vessels. So essentially, what these guys do? My friends is, they use vessels or or large ships to transport dry bulk cargos across the sea, and this is a really important um market, because you're never going to walk away and be able to escape that, no matter how much you transport, through the air, for Instance, right: you cannot transport near near near as much material as you can through a large-scale um bulk carrier vessel, so this is always going to be a market that exists right and the more that they acquire fleets. The more that you expect these guys to grow.

Honestly, i i think they're worth a lot more than uh than what they're currently trading at, which is 83 cents. Personally, i think this should be a 10 plus company already, if that gives you an idea of where i think this is going to go, and if we do look at the news here really quick, we can see that they just announced four days ago in new Vessel acquisition, so i'm going to pull this up really quick and just show you what i'm talking about. So this would have been on february 3rd castro marine time. A global shipping company specializing in the ownership of dry bulk vessels announced that it entered through a separate, wholly owned subsidiary into an agreement to purchase a 2009 japan built comstar max dry bulk carrier from an affiliated third party for a purchase of 14.5 million dollars, or That they acquire these these vessels, my friends, the better off this company, is going to be, and i say that because this is essentially uh like an uber uber driver, uh acquiring a vehicle in order to deliver uber eats or to pick up people and drop them Off right without the vehicle, without that investment, you can't make the money.

So if you look at their financial situation right, look at it over the last annual year. They were, they were green right. They were. They were positive gross profit about 293 positive, which is pretty solid for 2019 2020.

If i had to guess my friends, probably not going to be much different, but it may be a little bit. They've been spending a lot of time and a lot of money acquiring these vessels which down the road, is going to generate more revenue. So that is a good thing that i wanted to point out to you guys i'm going to pull up their website really quick and just show you uh what these guys do. So if we just take a quick peek, we're committed to promoting honest and ethical business conduct throughout our operations, it's caster, it's shipping, it's magic, we're a growth, oriented global shipping company engaged in the seaborne transportation of a wide range of dry bulk commodities along worldwide shipping Routes through our ownership of dry bulk vessels, and if we look at their press releases, i'm assuming the last thing they have released.

Is this uh this vessel acquisition, as i did mention february 1st, they also acquired another vessel january 22nd. They filed a 15.3 million dollar debt refinancing, which is also solid 20th. They also acquired another vessel guys you get the whole picture here. They are very proactive company focused on improving their overall financial situation, which is going to bring uh good value to shareholders.

Now one thing that i want to show to you guys that i find very interesting is the ctrm short interest. I'm going to pull this up on fintel for you guys just so you can get a quick peek and as of february 5th, there was 98.20 million in short volume, which is 34 of the total market volume. On the day, i would check out their chart really quick. I think these numbers are actually off and i'll.

Tell you why we look here at this this graph. What this is telling us is the date and then the percent of short volume ratio. If we look here on february, what would have been february 5th, we can see that it's actually just shy of 70 in overall short volume, which is extremely extremely high. That means that this stock is very heavily shorted and these numbers may actually not be correct and if you've been tracking the amc situation.

My friends, you already know that fintel is doing some kind of sketchy, stuff and uh these. These numbers - i i 100 believe 70 - is a lot closer to the actual short interest, the short volume into the stock, which could produce a pretty gnarly squeeze in the short term, so right off the bat. We know that we've got a good company right. We know that as long as they continue to acquire vessels, they've been proactive about refinancing their debt right, which is a good thing.

Personally, i would hold this company as a mid to long-term investment. I do not currently have a position in uh ctrm in my in my account i'll show you guys right now, my positions, i got leslie as a free stockton, my wheelball affiliate link. I have httc nokia amc and it's not in my fidelity account at the moment. I will be re-establishing a position, my friends and once i do that, i will tell you, but i do think ctrm is going to treat you extremely extremely well now we're going to look at the charts here right.

What are we looking at? Well, if we take a quick peek at a fibonacci retracement, this is a good way of telling us the strength of a stock and how it retraces right so check this out. We drop you can do this yourself as well. You put the base at the bottom of a run up the bottom right and the top of the peak, including the candle wick, and what this does is tells you how much you gave back on a run-up. So if you gave back zero percent, you would have stayed the same.

Getting back half of the initial run up from the base right, you're. Looking at 0.741, a good stock will retrace 50, but we did see it retraced to about 78.6. This did get roped into that wsb situation, so i think you saw a little bit of a pump and dump uh situation here, but it did stabilize very very nicely at the 61.8 retracement and you do see also the 50 retracement is acting as a nice level Of support for the stock, that is crucial. That is a very, very good thing to see, and this is going to be important because it may act as a potential entry point in the future um not as of now right, we're most likely looking out about here at 83.8 cents.

If you wanted to get it in the near term, right not now wait for a couple days want to get in and ride this initial wave up, but the potential squeeze right that 83.8 level is going to be very significant. So i want to point that out to you guys right now on the rsi: it is trading at 76, so it is a little overbought right. It's got a lot of really solid buying momentum, a lot of buying pressure. We don't like buying stocks when they're over 70 on the rsi.

However, if you are looking for a quick swing opportunity, it is possible to buy in here or at this level. As long as you said, it's really stop loss for maybe five percent seven percent. Ten percent that way, if it does end up, dropping it out, get back in once it bounces at a better entry point, you'll make your losses back and then some i 100 guarantee that. So if you want to get in immediately 83.8, if you missed the boat on my video from yesterday, you weren't able to get here in the pre market right.

This is going to treat you very well as an entry point i would watch for 83.8 or so 83.6. That is going to be a very solid entry point into this stock you're going to be able to ride up on this this one two three day, uh run into this squeeze. I really do think ctrm is gon na retest, one dollar and ten cents. Honestly, i think, sometime this week, you're going to see this test at buck 50, which sounds crazy because that's that's almost a 100 run up from where we are right now, but my friends, i'm telling you numbers are what the numbers are.

I 100 believe short volume is nearly 70 of the total market volume from last friday. February 5th is a very, very high number. We've got a large gap here between the 15 ma and the 200 ema. What does that mean? Well, if you've gotten into the stock back, when i mentioned that you see this crossover right here right when you see this, this big gap up, this is typically an indication of an upcoming run right.

You would have been able to get in yeah. You would have been a little nervous because you would have gotten in at maybe 36 cents drops all the way back down to 55 cents or you could have sold out right, sold at the peak came back in at 55 and then got back in either way. You were gon na, be looking really solid one week from now and i'll tell you that, because this is a blip in terms of what i think ctrm is capable of my friends. I genuinely think this company is worth ten dollars per share right now right now this is an undervalued company and it's gon na treat you extremely well.

If you establish a position in this for the mid to long term. That's how the chart setup looks right now, honestly, if there's one other thing, i wanted to point out to you. My friends is this: you see this nice squeeze down in price action and what's happening. Well, let me show you so essentially what you have when you see the squeeze down in price action and this condensing right what's happening.

Well, basically, you are giving confirmation to buyers that a stock is consolidating right because nobody wants to buy into a stock when it's always going like this, it's always going up and down, because you can't predict that when a stock is consolidating, this is slightly favoring bullish Territory, the longer it consolidates the more it squeezes down a price action you can think of it as loading a spring and once it broke this top trend line with this wide range candle bars, you see right here. The spring was broken. It popped. This is the beginning of the pop right.

Now, as it sits, this stock is in a nice upward, moving channel what happened? Well, it broke that upward moving channel. We can see here with a wide range candle bar. That typically indicates that there is an upcoming run. I anticipate that this previous ascending level of resistance is going to act as an ascending, an ascending level of support, you're likely going to see a new channel form out of this.

This situation right here, man, i'm so pumped because i've been seeing i've been saying. My friends ctrl is gon na pop. This is gon na be a good stock. I really hope you're able to take advantage of that, so the double down you're.

Looking for an entry point, you missed my previous video. You were not able to establish a position in the ctrm. I do think that getting it at 83 cents is going to treat you pretty well get an even better price than that right. What are you going to be looking at? Well, you can see any sort of pullback right now we're trading at 76 on the rsi, and if we look here at all levels of support and resistance, it does appear that the next significant level to me is going to be right around here at about 79.4.

We got one two three different touch points. Four different touch points right, so this to me is going to be a very significant level and we see a pullback anywhere between 79.4 and what would look like about 80 83 cents. I think that is going to be a good entry point into the stock. Wait for that micro pullback.

You can ride this mini squeeze to to medium-sized squeeze up right, take profits if you'd like, but i do think you're going to be making a lot more money. You're going to be leaving some briefcases on the table if you take the bag - and you don't wait this out, i'm going to come back here to the one day chart. Let's get any last minute confirmations you can see here in the pre-market. We saw a nice filthy gap upright a little bit of consolidation squeezing down on price action and uh.

Honestly, if we just take a quick peek at this, looks like it's repeating microscopically, what we've seen macroscopically, it's loading the spring right and once we break this trend line right the top trend line, it is going to pop again. I hope that you guys are able to take advantage of this. I hope that you saw my video that i posted on this, and that is what i have for you today. So if you enjoyed the video, please drop a like, it really does help support the channel and consider subscribing if you like, to see more content like this.

Lastly, i have an affiliate link in the description box down below for weeble. Weeble is a great brokerage platform. The one you're watching me use right now. This is version four for the desktop.

You use my link to get two free stocks with a 100 deposit, i receive a free stock great way to support the channel. If you're not interested. My friends, that's totally fine. I just appreciate your support by taking the time to watch my videos.

So that's what i have you guys today. Thank you for watching my friends and i'll see you all next time.