CTRM Stock Analysis: Castor Maritime Inc. engages in the provision of shipping transportation services through its ownership of dry bulk vessels. It offers seaborne transportation services for dry bulk cargo including iron ore, coal, and grain, collectively referred to as major bulks; and seel products, fertilizers, cement, bauxite, sugar, and scrap metal, collectively referred to as minor bulks. In this CTRM Stock Analysis video, we discuss a macroscopic and microscopic overview of the company. We also establish levels of support and resistance for both investors and traders, analyze the 200 EMA (Exponential Moving average), 20 VAMA (Volume-Adjusted Moving Average), RSI (Relative Strength Index), bullish and bearish trends, technical analysis chart patterns, and potential entry and exit points for traders and investors.
CTRM Fundamentals: https://www.marketwatch.com/investing/stock/ctrm?mod=over_search
CTRM StockTwits: https://stocktwits.com/symbol/CTRM
CTRM News: https://apnews.com/press-release/globe-newswire/business-corporate-news-government-regulations-ownership-changes-health-6879aa55945480a7ed0b12a3af19325a
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Man, i'm too good at this, i'm too good at this. If you guys made money, please please, please drop drop a big old fat, whiskey, glass emoji in the comment section down below, because i'm so pumped that we called another one right again. What is up, everybody welcome to trace trades. We have technical analysis on different stocks in the stock market, as well as potential buy holders sell opinions on these given stocks.

I, like the purpose by saying that i'm not financial advisor nor expert so take what i say with a grain of salt. The reason i started this channel is because a couple years back, i was about thirty thousand dollars to eat in some medical debt, and i was very fortunate to have some close family friends and mentors that pushed me to work hard and invest my money, and i Am happy to say that not only am i not financially free, but i'm doing pretty well for myself at the age of 23. So if i can pass along any of the information resources or tools that are given to me here to the community and make a couple people better off than they were before, that's all that i can ask for last. If you and i might drop a like on the video, it really does help support the channel and consider subscribing if you'd like to see more content like this.

Now today we have an update on ticker symbol, ct rm, caster. Marie time incorporated, i put out a video this morning and i said hey guys, this stock looks like it's gon na run and sure as sure as people in the south cook with crisco. Oh man, it did its thing. We are up 30 on the day.

I do have a position in this stock uh currently sitting in ctrm, with a total of 6 000 shares dollar cost average of 37.9 up 600 and 30.77 on the day. It was absolutely beautiful, i'm so pumped that we finally got what we're looking for out of this stock and it doesn't look like it may end. Yet. Uh i'll talk about a whole bunch of different things here, but look at this macroscopically and microscopically.

I've got three different indicators pulled up the relative strength index, which is anything over 70 or about anything under 30 oversold. I have the 200 ema, which is this dark blue line right here, and this is the exponential moving average, which is an average valuation trend line based on a 200-day moving period and then the 15-day vomit, which is the volume, adjusted moving average. And this is a 15-day moving period average trend line that is adjusted accordingly to overall volume. Some brokerage accounts might not have this.

You may need to use the v-bop or the m-a. It's about the closest thing that you can get we'll talk about some different retracement levels. Potential entry points exit points on the stock. I am still holding my position in the company and i'm so pumped for everybody out there who made some cash on this.

I know there are people out there that got fatter filthier profits than i do, because i got in a little too late. But with that being said, let's get right into the video. But first i want to give a quick shout out to the guys over the patreon. We are over 400 members strong now i absolutely am so grateful for all of you guys.
It is way too cool what's happening here on the channel uh. They will have access to the private discord, as well as real-time insight to my personal training. So if you are interested, there is a link to the patreon down below. We've got a lot of great stuff in here.

We've got chats and questions investing assistance long-term plays midterm plays short-term plays back, plays the whole nine yards uh so check it out. If you are interested now, if you're not familiar with what ctrm is, they engage in the provision of shipping transportation services through its ownership of dry bulk vessels, it offers seaborne transportation services for dry bulk cargo, including iron ore, coal and grain, collectively referred to as major Bulks and steel products, fertilizers, cement, bauxite, sugar and scrap metal collectively referred to as miner bulks and uh. We we had a great day today, but with that being said, let's just get in right to the price action. Give you an idea of what we might be able to expect into tomorrow's price action and uh with that being said: let's just do it so today was overbought territory.

Without a doubt, we did approach the 70 rsi indicator, which is overbought territory and, historically speaking, when we look at the charts, it does not correct too harshly from overbought territory. We do see here three peak outs at overbought territory here and uh. It was more of a slow consolidation period. We did touch underneath 30 one time, however, for the most part, this uh this stock doesn't correct too harshly.

So i don't expect much of a drop back from this 40 cent range and we did hold it extremely well compared to the last time in which we were trading at about 40 cents. So it is going to be interesting to see what happens into tomorrow's trading day. Now i am going to drop a fibonacci retracement from the base of this run-up to the very peak of the run-up and just give us an idea of what kind of correction we may be looking at here in the short term. So if we draw the peak to the base of the run-up, we can see a retracement lines up extremely well, where we are currently trading right now, at 40 cents and honestly, it's not quite lined up.

If we drop it down exactly 40 cents is pretty much spot on the money at a retracement level, followed by 39 cents on the money. So i do expect. If we see a pullback, it is likely going to be in this 39 to 38 cent range. If we look historically at what the stock tends to do, let's just take a quick peek.

If we see a run up here, uh retracement from the base of the run-up down here, you can see that we retraced very well to this 50 line. So if i had to guess we're, probably going to re repeat a similar trend to this and retrace to the 50 mark and the 50 mark will bring us down to 38 cents. So if you're looking for an entry point on ctrm 38 cents does seem to be a very solid uh entry point and if we pull up a new, really quick, i said the exact same thing about anub. I said guys you're likely going to see it push to 50 151, the 50 retracement or 131.
If we break through that the 61.8 retracement and we halted pretty much exactly on the money at 151. We dipped the hair below that. But if you got an inuv at that exact retracement level, you looked absolutely beautiful. You hit it spot on the money and you could not have time that any better.

So if i had to guess we're going to see a similar outcome with ctrm a retracement to that 50 line or 38 cents, so if you're looking for a buy-in opportunity watch for a pullback to 38 cents, i do think it's likely. We hold above this uh. It's a great opportunity to either dollar cost average down or up if you're, a bag holder. That is an opportunity for you now.

One thing to pay attention to overall is the trend of the stock and we do go through periods of steep climbs, followed by consolidation and typically the climbs do last for a couple of days. You know this one lasted about three days. This one we're on day. One so far, if we look back historically, this one lasted about two days.

If you want to count the after hours in the pre-market, so i would expect a similar outcome here. Of course that's not guaranteed. We can only look at pure previous trends. I can't predict the future, unfortunately, but based on what we know, this could very easily continue into tomorrow.

The volume for today looked absolutely phenomenal. Very unusual trading volume goes up about two or three times what we usually see and we have a large gap here between the 15 volume and the 200 ema, which is very, very bullish territory. I do love to see that and i love to see that there are people out there making money. I know everybody that discord was jumping up and down.

I tell you what i will pour back a little bit of rum to that, because this is what i'm calling a nickel and dime plate. It's a big fat, nickel and dime very, very happy for everybody out there that was able to turn a profit on ctrm. That makes me so so pumped uh. This was a long time coming without a doubt, so we're gon na change it over to the 281 minute chart really quick, just look for any sort of extra confirmations we can get and we do have a nice little stair stepping upward channel here.

The tops of these candles aligning as such, outside of this little outlier right here, we do have what appears to be a little bit of a head and shoulders pattern, but we also have a stair stepping bottom out, so this is a little bit of a mixed Bag uh, here's the bottom of the first bottom mount. We do actually have a triple bottom right here. Three george debbie's, followed by another bottom out right here, which is typically a bullish indicator, so this is kind of a mixed bag. Of course, we did end the day up 30, so i don't think i think.
Obviously we know what won the battle here, but the volume was insane. The rsi is correcting slightly down to this level, we're currently trading at 39.8 cents. You know we may see a retracement down to 38 cents or we might continue to see it run. Uh i'm gon na not complain whatsoever if it does continue to run.

That is a complete possibility, but if you're looking for an entry point into ctrm, if you're looking for a continuation of this run, which i can't guarantee it might happen it might not, we don't have any news catalyst right. That is one thing that we're missing as a confirmation of ctrm, so we can't predict anything except for what the charts are saying us and the charts are saying this is still bullish. We do have a cross under the 15 vomit, underneath the 200 ema right now, which is a bearish indicator. This may be a sign of an upcoming, short-term or long-term bearish run.

However, macroscopically speaking, this is an extremely bullish position in the stock and it looks absolutely phenomenal right now. So if you are up profit on this, like i said, please drop a big fat, whiskey glass in the comments section down below, because i am so pumped to see that uh. That is finally panned out for some people and honestly, this stock is a little bit of a little bit of an anomaly, so we're just happy to turn a profit, no matter how it happens, and we look absolutely beautiful here so just to recap really quick. Looking for an entry point get in at 38 cents if you're looking to take profits, that is one thing i did not touch on looking to take profits.

We do have resistance currently sitting at 43 cents and after that it is at 48 cents. There's a lot of lack of price action here, so i think, there's a gap that is eventually going to be filled uh if that happens tomorrow on monday, it's hard to predict right, but we can say if we break above 43 cents, that's likely gon na, be The next level we see some resistance held up at so that is what i have for the video today, i'm so pumped that i can put out a good one on ctrm. If you enjoyed the video, please drop a like. It really does help support the channel and consider subscribing if you'd like to see more content like this and lastly, i do have an affiliate link in the description box down below for tubebuddy.

Now. Tubebuddy is an seo optimization website that i personally pay nine dollars per month; membership for and it's highly retribute growing from zero to ten thousand subscribers in just over a month. So if you're a content creator or looking to become one, it is a great tool to help get your videos into the eyes of your intended audience. And if you do use my link i'll receive a commission off your purchase at no extra cost to you.
So it's a great way to support the channel and, if you're not interested, that's totally fine. I just appreciate your support by taking the time to watch my videos and turn in some fat filthy freaking profits. So that is what i have for you guys today. Thank you for watching my friends and i will see you all next time.

Peace.

By Trey

26 thoughts on “Ctrm trend reversal prediction correct! // ctrm stock update technical analysis”
  1. Avataaar/Circle Created with python_avatars Huff Man says:

    We must believe that we are gifted for something, and that thing at whatever cost must be attained. Those words added to my value and inspirational guide to make profit more in the investment of binary trade with Mr. Ramakrishna my profit is bigger than my celebration today.

  2. Avataaar/Circle Created with python_avatars Karma Tamang says:

    Thank you thank you thank you๐Ÿ˜๐Ÿ†๐Ÿ˜๐Ÿ†๐ŸŽ

  3. Avataaar/Circle Created with python_avatars palmettobouy1 says:

    F me. I sold at a slight loss at 33 cents a share as i thought it stalled out. I wasn't patient.

  4. Avataaar/Circle Created with python_avatars Raymond Balucanag says:

    Got in 3500 shares at 0.32 and closed at 0.42. Will reopen position at the dip around 0.38 price point.

  5. Avataaar/Circle Created with python_avatars Sole Food says:

    Whiskey glass emoji goes here. Because of you I got 150 shares of this and I upped my biol. I'm new to investing but super stoked on this little win. Let's get it!!!

  6. Avataaar/Circle Created with python_avatars Walter Wilson says:

    23000 waiting for a dollar in at .27 cents

  7. Avataaar/Circle Created with python_avatars Cristian Renteria says:

    Got in at .32 sold at .4 might rebuy at dip

  8. Avataaar/Circle Created with python_avatars Joanna Marquez says:

    In at .34 out at .42 ๐Ÿฅƒ TY for giving entry & exit points

  9. Avataaar/Circle Created with python_avatars Sukhraj Sekhon says:

    Went from down 1k to up 1k today ๐Ÿ™‚

  10. Avataaar/Circle Created with python_avatars DD says:

    Great growth Trey.. was your subscriber when you had less than 25 subs.. Great to see your growth buddy in a very short term. Keep going.

  11. Avataaar/Circle Created with python_avatars daviddang82 says:

    I took profits and closed my position. Maybe Iโ€™ll get back in on the dip

  12. Avataaar/Circle Created with python_avatars Gregg L says:

    Your awesome and killing it………..wprt????

  13. Avataaar/Circle Created with python_avatars Maxmillion says:

    ๐ŸฅƒHolding 9k @0.20 Hoping to see this climb over the next few weeks. Latest catalyst was the new vessel acquisition and general improvement in dry bulk sector. Also anticipation of trade improvements going into 2021. Next catalyst may be ER. Good luck to everyone.

  14. Avataaar/Circle Created with python_avatars joe knoez says:

    ๐Ÿฅƒ๐Ÿฅƒ๐Ÿฅƒ๐Ÿฅƒ thanks for the content. Def needed reassurance a few times.

  15. Avataaar/Circle Created with python_avatars Richard Anderson says:

    ๐Ÿฅƒ๐Ÿฅƒ๐Ÿฅƒ๐Ÿฅƒ First stock that I put a significant amount of money into. Just had faith in Trey's analysis and made some money. Hoping the run will continue.

  16. Avataaar/Circle Created with python_avatars Nuggets says:

    I read about a man in his 50s that started investing in stocks and real estate, then retired in 2years with over $6million, that right there is my utmost goal and I'd really appreciate clues and tips on how to reach this goal within 5years.

  17. Avataaar/Circle Created with python_avatars Vision Mission says:

    I lost 200 euros today and made a rage yolo of 500euros into ctrm at 0.37 to make it back…like a gambling addict( trading for 2 weeks)…and the yolo looks promising haha. i really have to learn before I invest.

  18. Avataaar/Circle Created with python_avatars Hola! Stephen Smith says:

    Have you looked into bant at all?

  19. Avataaar/Circle Created with python_avatars Rucine Baker says:

    Where do you think may be a good sell off point?

  20. Avataaar/Circle Created with python_avatars Jason Garmon says:

    ๐Ÿฅƒ took profits on a portion and holding the rest! Awesome ๐Ÿง—โ€โ™€๏ธ climb today!!! ๐Ÿ’ฐ

  21. Avataaar/Circle Created with python_avatars Steve says:

    This is my go to channel. Love how stoked my dude gets in every video. Your killing it man. I'm on my way to check this discord channel out.

  22. Avataaar/Circle Created with python_avatars Hayden Mckenzie says:

    Trey you got AZRX aswell up like 50% since

  23. Avataaar/Circle Created with python_avatars Mateus Silva says:

    Got out at .36 but back in at .39 sad I lost my first position at .32

  24. Avataaar/Circle Created with python_avatars JT 1111 says:

    Oh man I sold this one a few days ago that's ok I'm in big on BIOL and we also had a good day can't wait for tomorrow BIOL to the moon!

  25. Avataaar/Circle Created with python_avatars markngaya79 says:

    Kindly also look up bombardier ticker symbol BDRBF. Looks like another grandslam

  26. Avataaar/Circle Created with python_avatars Cristian Munteanu says:

    Trey ! Love your videos man, i made some profit as well ๐Ÿ˜Ž๐Ÿ‘

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