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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 VWMA (Volume-Weighted 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: http://castormaritime.com/images//press_releases/CTRM_Announces_Pricing_of_USD26M_RDO.pdf
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What's up youtube? No, i'm just i'm just playing what is up everybody welcome to trade streams. We have technical analysis and different stocks in the stock market, as well as potential buy, hold or sell opinions on these given stocks, i like to preface by saying that i'm not a financial advisor nor expert so take what i say with a grain of salt. The reason that i started this channel is because a couple years back, i was about 30 000 deep 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'm happy To say that not only am i now financially free, but i'm doing pretty well for myself at the age of 23. So if i could pass along any of the information resources or tools that are given to me and make a couple of people's betters a lot a couple, people's lives better off than they were before, that's all that i can ask for.

Lastly, if you wouldn't mind dropping 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're going to be giving an update on ticker symbol, ctrm caster marie time incorporated just to be completely transparent. I do have a position in the stock. I'm sitting at a dollar cost average of about uh 0.379 and i have 6 000 shares.

So, just so that you guys are completely aware of what's rocking there uh, but before we get going into the video. Let's just give a quick shout out to the guys over the patreon we have had quite a few people join us. We are currently sitting at 247 members, gabriel zach steffen shawn, joseph brian roman austin me matt martija. Thank you.

So much for supporting the channel really does mean a lot. They all have access to the private discord as well as real-time insight to my personal trading, and it is an awesome community. So, if you're interested there is a link to the patreon in the description box down below and then i do have a scam account. That is plaguing my channel uh trey's trade you'll know that it's not me, he doesn't have a great boxer on his name.

No buys crap. Don't call that number report - the channel - if you can, let's just get that out of here so uh, let's just get right into the video we're gon na, be giving an update on ctrm uh we're gon na look at this from a macroscopic and microscopic point of View i do have a couple indicators pulled up the rsi, which is the relative strength index. Anything over 70 is overbought. Anything under 30 is oversold.

I do have the 200 ema the exponential moving average, which is a 200-day moving period, price valuation average trend line and then the 15-day vomit, the volume adjusted moving average, which is a 15-day average trend line that takes into consideration volume and adjust the trend line accordingly. We'll look at both bullish and bearish action. That's happening on ctrm, look at some levels of support and resistance and the whole nine yards, as well as a microscopic view on a one day, one minute chart so before we get into it. Let's just take a look at what the company is as a whole, uh caster marine time engages in the provision of shipping transportation services through its ownership of dry bulk vessels.

It offers seabourn 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 bulk are minor bulks and on uh stock twists. They do have 30 000 followers. The message volume is up, a crap-ton sentiment is up, price is up, people are pretty high up on this stock, a lot of bulls, a lot of bulls in the patreon.

I had someone joke around someone said uh. The thing that trey pays attention to the most is overall volume going into a stock, but now his videos are just going to be the overall message volume from stock twits. I thought that was funny uh. We pull up their website here, caster marie time.

Their most recent uh press release. Is this article right here castro marine time announces pricing of 26 million dollar registered direct offering, and if we look back on this, this was on january 8th. And if we look at the stock price action on january 8th, we do see that it was actually. You know we did see an immediate drop-off, followed by some pretty clean movement and, while you know direct offering in the short term, uh may not be the best thing right.

They exercise this at 19 cents per share and if we look at the price action here, it tanked down below 19 cents a share. This is good for the growth of a company in the mid to long term, not potentially for swing or day traders right. If you're looking for an entry into a stock, this would be almost the exact perfect time if you bought into this exact drop off you'd, be sitting up really nice right now. You bought it at 17 cents and we're currently trading at 37 cents, you're up uh you're up over 100 margin in the matter of four days, which is absolutely phenomenal: that's killer, uh, looking fantastic and uh, you you'd be sitting pretty nice.

So you know in the long term i do think that's a good thing for the company, but that is the most recent news: release i'll leave a link to that in the description box down below. So, let's just take a look at the charts here i do like the volume action on ctr and we'll change it to the one month. Chart really quick. The volume has been increasing day by day since that direct offering, and this has been gaining a lot of traction - and you know i'm not a kind of guy to chase a stock um.

When i am looking for a swing trade, which is what ctrm is to me currently, you know i will, i will update you guys as i as i know, my position uh and if i change my mind, but as a swing trade, there is some really nice Confirmation that i'm seeing here with this bullish flag and if you're not familiar with what a bullish flag is that is uh. We've got a poll right here, which is all these green candlesticks right. We've got a really clean run-up, and then you see this flag formation. This triangle, right here, of a consolidation of price action, and this consolidation is confirmation to buyers potential buyers that hey this stock, isn't really going anywhere right now and as that price action condenses, you can think of it like a spring loading and if you do break Through this trend line that we're seeing right now, you know that's going to lead to a pretty solid pop off on the stock and this almost always comes to fruition.

So if we look at uh jagx, this is the the most clean example. I can think of really clean run-up flag. You know, we've got this. This consolidation period break through the trend line.

Really nice clean run-up same thing. Here: we've got this nice clean bullish, flag, consolidation period. We break through the trend line, immediate run up. You know we did.

We did pop back a little bit, but uh you get. The idea is that, more often than not i'd say seven or eight times out of ten. When you see this kind of formation on a stock, that is a very good sign, and that is why i decided to get into this for a potential swing trade, and there is a couple different things that i'm going to be looking for. We're going to be looking for the overall volume to remain as it has you know the rsi indicator into yesterday and today is about neutral, just the hair over 50.

You know i bought in maybe just a hair over 50 on the rsi indicator, but it does look very nice and neutral for consolidation is, is beautiful. You know you definitely want to look to buy in as close to 30 as you can, but given the current price action on ctrm, i do think this is a solid buying opportunity and if it does break through this, this bullish flag, we're gon na be looking For a push above 39 cents, 40.95 and then the overlying theme here is 48.19. Now um people ask me all the time trey when you predict that this stock is going to reach this stock price. Well uh! If i, if i knew you know, we'd, be we'd all be making a million dollars every single day, i'd be i've been putting all my margin on one stock and and riding it up and then shorting the crap out of every stock in the market, but um.

I it's it's very tough to say when this is going to happen right. I do plan on holding this as a swing trade unless we see some extremely rough movement and a break below 35 cents, 33.8 cents, then at that point i'll, consider taking a small loss in the stock and moving my my uh, my money somewhere else. But this does look very bullish. We do have the crossover of the 15 day vomit over the 200 ema and the larger the gap between these two indicators, guys the more bullish a stock is and yesterday, even though we only consolidated right um.

This is extremely bullish. This is, this is uh. This is just screaming at you. Hey guys this thing's about to take off and man when i made the video yesterday, i just couldn't help but laugh because when i see a dart a chart, that's dirty that chart is filthy man.

It just gets me pumped, i mean i i looked at this at uh at three in the morning and it just looks: oh man there's nothing. That wakes me up in the morning like like a clean shard, except for maybe some some coffee with a little whiskey in it but um. This looks very nice right now, currently trading at 37 cents or so uh and then just as a disclosure. You know i want to give it to you straight as i can.

If we do break below this bullish flag, you know i would expect a pretty steep sell-off, so there is risk involved right. There's risk involved with any penny stock, especially something trading under a dollar. You are looking at the potential, for you know a downside that could be pretty severe, so just be very cautious when you do buy into a penny stock. If you do decide to get into this, just be very careful now an exit strategy for ctrm, i'm personally going to be looking for push above 40.95 and a retest of 48 cents, and if we do see a push above 48 cents i'll consider this as a You know two three four five day swing and if we see a bounce off of uh any of these levels like a bounce off 48.95 bounce back off 39 bounce back off 40.95 and i'll, probably just take a small profit on the stock and move on to Something else um, but you know if we do see a push above 40.95 and a re-test of 48.19 that'll, be a pretty solid margin that i'm working with there and i'll feel a lot more comfortable playing this as a swing trade.

So that's currently my strategy on ctrm. I hope that that helps you guys out a little bit. Uh rsi indicator is looking pretty neutral right now. If you do look at periods when we were overbought, which is the best time to take profits on a swing or day trade right, the corrections are a little bit harsh right.

We do have the mid 30s here that lasted for quite a while um. Here you know it's pretty neutral correction here we did have a pretty steep sell-off with that direct offering. So you know actually it's more of a mixed bag, but just be cautious. If you do see a run-up, i would highly consider taking profits unless you really believe in ctrm as a long-term company or a midterm company, then you're not really stressing out about the the day-to-day variations.

But if you are looking to swing this, for you know a quick, quick turnaround, you know be very content if you lock in 10, 20 30 40 margin on the stock. I said this in a previous video, but a really good, roth ira manager, you know, will get you 10 margin per year on your investment right if you can swing 20 30. 40 percent, in a single day off of uh off of a penny stock, you're already beating your manager man, so you got to be very happy and collect those nickels and dimes, and every opportunity that you get and uh. I do feel pretty good about ctr and, like i said, i do have a position in the company so just to be completely transparent and tell you tell you what how it is um so you're.

You know what's happening so if we change it here to the two day chart and uh the one minute time frame, we'll just take a look here and see if we've got any other confirmations and uh, it is pretty consolidation-esque. We do have a pretty tight uh. Pretty tight price zone - and you know we - we do still see that very slight funneling effect happening right now with the stock. If we do exclude that small candle right here and we push this up, you are seeing this funneling off.

That does fall in perfectly to the bullish flag formation that i had pointed out on the one month chart, so that does line up very nicely. I do like how that looks. That is a bullish indicator in my eyes and if we look at the rsi indicator, you know up and down, but mostly neutral. This averages out pretty neutral on the day, so not a lot of price action happening yesterday, but in the pre-market it does look like it's still in that consolidation period and if we just have a little push followed up by some of the volume that we've seen In the previous days, you know we're looking pretty solid here, so we're going to be looking for the same amount of volume.

Today, as we had, you know the past three days, a continuation of this upward trend and you should see a pretty solid push for ctrm, of course, uh. It is a penny stock, it's very highly volatile, it can go up or it can go down um. But that's where we're sitting right now. Currently, the vama is trading underneath the 200 ema on the one-day one-minute chart so slightly bearish territory, but in the grand scheme of things on the macroscopic scale, we are trading above if we change it to a five-day chart.

We're still trading above. If we change this to a two day chart and just a five minute frequency, i'm willing to bet you we're still trading above ever so slightly. So, if you're looking this at this as a day trade, you know just uh in and out within 5 10 15 minutes, you know maybe you're looking somewhere else, but if you're looking to hold this for a day, possibly two three four five. This is extremely bullish territory.

It does look like it's going to continue its run and i i feel pretty solid about how the charts are looking on this. I i got pretty excited when i saw when i saw this popping up in the comment sections and i i really think it's got some high potential. So that is what i have for the update on ctrm. If you guys 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 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 a nine dollar per month, membership for and it is highly what i attribute growing from zero to seven thousand subscribers in a little less than a month. So if you are a content creator or looking to become one, i could not highly recommend this enough. It helps get your your uh videos into the eyes of your intended audience and it uh. If you do use my link, i will receive a commission off your purchase at no extra cost to you, so uh there'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, 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

30 thoughts on “Ctrm hot penny stock update! // ctrm stock update technical analysis”
  1. Avataaar/Circle Created with python_avatars Smith Ivory says:

    Nice video! I have 555 shares I hope this one does something! I was 11B what MOS are you?

  2. Avataaar/Circle Created with python_avatars Anthony Hayward says:

    You should make the effort to edit out peoples personal emails. Just an FYI.

  3. Avataaar/Circle Created with python_avatars Donx7ru7h says:

    6400 shares @.3597

  4. Avataaar/Circle Created with python_avatars Joseph Eat's Weird Stuff says:

    How do u feel about them getting to 1 dollar, with the 180 days they have June 28th standpoint.

  5. Avataaar/Circle Created with python_avatars Tramaine Smith says:

    "Muhreetime" lol

  6. Avataaar/Circle Created with python_avatars Pykc Edits says:

    not gonna hold you i was mad confused w the intro for a sec LMFAOOO

  7. Avataaar/Circle Created with python_avatars Chicken Stock says:

    Damn you nailed his voice lmao ๐Ÿ˜ณ๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚ good video bro ๐Ÿ˜Ž

  8. Avataaar/Circle Created with python_avatars ethan canada says:

    whats your current position on CTRM

  9. Avataaar/Circle Created with python_avatars kbcorp says:

    that was funny.. Had me fooled for a sec.. Wasssup Youtube

  10. Avataaar/Circle Created with python_avatars mpettella says:

    Thanks Trey for this great analysis for all those who are in this stock and looking for some direction and light

  11. Avataaar/Circle Created with python_avatars Manpreet Singh says:

    Sweet. Just bought in this stock. Hope to see some gains. Any update on JAGX?

  12. Avataaar/Circle Created with python_avatars Frank Lampard says:

    Thanks Trey. Can you also please do a video on TLSS. Currently down to 0.05 cents today..

  13. Avataaar/Circle Created with python_avatars VideoGmeDave says:

    That first line took me out ๐Ÿ˜‚๐Ÿ˜‚

  14. Avataaar/Circle Created with python_avatars S MK says:

    Hugeร—ร—ร—ร—ร—ร— let's go

  15. Avataaar/Circle Created with python_avatars The C in Comedy says:

    Iโ€™m in at .37 as well and pissed. On these Pullbacks Iโ€™m always stuck on whether to sell or hold

  16. Avataaar/Circle Created with python_avatars The C in Comedy says:

    ๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚ funny intro

  17. Avataaar/Circle Created with python_avatars Best Youtube Shorts says:

    Huge dip at open… Healthy or not?

  18. Avataaar/Circle Created with python_avatars Elliott Williams says:

    Wow, we are having an Sherry Alfie session here lol, the woman has been a backbone to my personal trading sections, such a professional

  19. Avataaar/Circle Created with python_avatars Pascal Francisco says:

    I normally donโ€™t do this, but coming across Mrs Alfie in this channel, I just have to say something. She is indeed a tutor, she guided me even when I was being naive to the basics of trading. Thanks to Sherry Alfie today I have made reasonable amount of crypto stack up and a good trading capital.

  20. Avataaar/Circle Created with python_avatars Ashish Gollamudy says:

    It tanked today no volume?

  21. Avataaar/Circle Created with python_avatars Amer Barham says:

    Stocktwits more accurate than yahoo finance ๐Ÿ˜‚

  22. Avataaar/Circle Created with python_avatars Hauserjolietradingoptinonsfx gmail com says:

    Investing under Mrs Sherry Alfie platform has never been a bad decision, she's unique, one of a kind, transparent, straight forward and hard working. She's a blessing to me and my family, Now I'm off debt and living comfortably, all thanks to Mrs Sherry may God continue to bless you ma'am.

  23. Avataaar/Circle Created with python_avatars Luca Mvp says:

    Chris Sain intro ๐Ÿ˜‚

  24. Avataaar/Circle Created with python_avatars Beebee says:

    6.7K shares at .37 yesterday lol lets pray it runs up!!!

  25. Avataaar/Circle Created with python_avatars Rosali Vitale J says:

    I'm Single ๐Ÿ˜๐Ÿ˜ฅ

  26. Avataaar/Circle Created with python_avatars Angel Rodriguez says:

    Love your explanation and honesty. You will ๐Ÿš€ as long you keep it clean๐Ÿ™๐Ÿป๐Ÿ™Œ๐Ÿป๐Ÿ‘๐Ÿป๐Ÿ’ช๐Ÿผ

  27. Avataaar/Circle Created with python_avatars Jennifer Daniel says:

    I thought you were Chris S. for a second! ๐Ÿคฃ๐Ÿ˜‚

  28. Avataaar/Circle Created with python_avatars Kenray Young says:

    ๐Ÿ˜† man ik today gone be a good day. I appreciate your videoโ€™s bro๐Ÿ’ฏ

  29. Avataaar/Circle Created with python_avatars GRIND:30 says:

    My number is 44cents today. Hahaha.

  30. Avataaar/Circle Created with python_avatars Millennial Stock Investor says:

    โ€œWassup YouTube!โ€ Lol ๐Ÿ˜‚ It felt amazing watching your video and getting an โ€œadโ€. Keep going brother! I was your 324th subscriber! To see where you are now is amazing! Keep going brother! ๐Ÿš€

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