I love me and filthy chart and man that's a filthy chart. I made it to fort sill oklahoma today and uh. One thing you got to do when you, when you go to a new place, is try out their whiskey i'll. Tell you why there's pretty good stuff we've got the woodford reserve kentucky straight bourbon, whiskey, 45 percenter, quick little sip, not too bad.

What is up everybody welcome to trey's trades. We have technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these. Given stocks, i like to purchase by saying that i'm not a 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 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 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 they're given to me here, the community make a couple people better off than they were before. That's all that i can ask for last. 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 have an update on ticker symbol, ctrm caster maritime incorporated to be completely transparent.

I do have a position in this stock so take that for what it is, if you think i'm pumping power to you, if you don't power to you, i'm currently sitting up about six point: six: four percent 151 dollars at a dollar cost average of 37.9 cents And 6 000 shares - and let me tell you this chart - looks really sexy man. I'm excited for this one. We're gon na talk about this, both macroscopically and microscopically i'll show you the one-month chart as well as the two-day one-minute chart. I have three different indicators pulled up and just to give you a background on what they are.

It is the relative strength index the rsi anything over 70 is overbought anything under 30 oversold. I have the 200 ema, which is this dark blue line, and this is the 200-day exponential moving average, and this is just a price valuation. Average trend line over a 200-day moving period, as well as the 15-day vomit, and this is a volume adjusted moving average, which is a 15 day trend line over that 15 day moving period, adjusted accordingly to the overall volume going into a stock. So we'll talk about what all these mean i'll give you both bullish and bearish patterns, that i'm seeing on the charts, establish some levels of support and resistance.

Potential entry points potential exit points. I do have fibonacci retracement pulled up as well, which is very easy to do in fidelity pro the over to draw click on fibonacci retracement. Other brokerage accounts also offer this. I just don't know where they're going to be, but you just place the bottom of the fibonacci at the base of the run-up and the peak at the top of the run-up.

We'll talk about what that means and give you all the nine yards on ctrm's charts for the day uh. So let's just get right into the video, but first i want to give a quick shout out to the guys over the patreon. We are over 500 members. Strong now, which is absolutely insane, i can't believe the way this channel's been growing.

I really do appreciate the support i think. Like three weeks ago, we had 10 members in the discord, so it's been really fun and i appreciate a lot. They'll have access to the private discord as well as real-time insight to my personal trading uh. So if you're interested we've got a lot of great stuff in here chatting questions investing assistance, options, trading stock bot, which is actually a really great tool to help get you information on different stocks, and i will show some stuff about stockpile later in this video short Term plays midterm, plays long term, plays, we've got spac plays colt stocks, different individual sectors and industries.

It's a lot of great stuff in here. So, if you're interested in joining there is a link to the patreon description box down below and there's a lot of really smart people in here, picking people making really good money. I think there's a guy in here that had a 200 percent month, which is absolutely look at this 449, absolutely insane. So that is what it is.

There's a link in the description box down below now ctrl. If you're not familiar just read you a quick description about the company. They engage 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 miner bulks. The company was founded by petros panagiotitis. I probably said that wrong. On september 12, 2017 and it's headquartered in uh, the muscle, cypress man, that's a cool.

That sounds fun to say. That's a fun word to say it's a relatively new company 2017. That actually surprises me a little bit just based on um. You know how long we've had seaborn transportation, but it is what it is.

We currently have a market cap of 147 million dollars trading at 41 cents, and this is interesting to me. I'm going to show you this 41 cent stock, 140 million dollar market cap jag x, 418 million dollar market cap 3.29. So take that for what it is, i think ctrm is on the come up. I do think it's currently an undervalued stock uh, but it's a very niche market to invest in right.

Well, don't fear, because we actually have some really awesome news catalyst coming out, and that is castro. Marie time announces a 15.3 million debt financing and this is posted on january 22nd. I did mention this in my previous video, but if you weren't able to catch that, i will just recap so that everybody can be caught up. Ctrm, a global shipping company specializing in the ownership of dry bulk vessels announces the closing, through two of its ship owning subsidiaries of a 15.3 million dollar senior term loan facility, with reputable european financial institution secured by two of its vessels.

The loan is expected to be drawn down before the end of this month. The company intends to use the net proceeds from the 15.3 million financing to support the company's growth plans and there's another couple things that i want to show you with ccrm. That i find very interesting - and i got this from stockbot, which is a great tool to use, and this shows us some of the institutional ownership with the company right, so 13.9 of the company is institutionally owned and anything that you see institutional ownership in a company. I think anything over 10 is very good uh.

That typically means you know the big wig companies, the wall street - guys don't want to put money into a stock that that they don't have faith in right. Uh you're not going to see people drop 500, a million dollars 1.5 million dollars as a gamble right. These guys know what they're doing so see. 13.9 institutional ownership is a a good sign to me.

I do like to see that insider ownership, however, is only just under a percent, and this may be a red flag so typically - and i never want to bs you guys, i'm saying straight as it is - i'm not trying to pump the stock. I want to give you straight information, but typically insider ownership. If you see a large stake of insider ownership, meaning intra company that indicates that they have a lot of faith in the growth of the company. The management of the company, the financials of the company and overall the potential of the company and seeing less than a percent, might be a red flag.

However, this institutional ownership is a good thing to see and i do enjoy seeing that right now we do see a trailing 12-month earnings per share of negative two cents, so trending downwards, currently in earnings, but that is it could very easily change and with a company Like this, you are investing in the potential for growth and not previous growth. That's why it's a penny stock right so now that we have some backgrounds, some fundamentals, some things to think about the company. Let's take a look at the charts and if you, if you decided to you, know, make a decision on this. I hope that was helpful.

So, looking at the charts right now, the volume is picking up and i do like to see that. So when you do see volume pick up, you are going to see an increase in volatility, which is why we see this nice push right here. Oh that's! So filthy, we do see a nice little uh, nice bottom out right here, not quite a cup and handle, but nice filthy bottom, which is oh man, i'm going to call that the bottoms up, there's more coming on that later ben rico, dr magic fingers, you'll know What i'm saying when he watches this video flacco will too drop some whiskey, glasses, my boys, but anyways this chart looks absolutely beautiful right now we do have a wedge formation, a tightening and squeezing a price action which always favors bowls, especially when you've got this nice. Big fat gap between the 15 volume of the 200 ema, which i will show you right here and as this continues to gap up, this is going to continue to be bullish territory.

So this is squeezing down the price action right now, we're compressing and the more this titans, the more it favors buyers. Now what this is doing, so we did see a nice push right. We saw a nice climb up, we dropped. We were on up about five cents or so went up from 32 cents, all the way up to 48, just about so almost 20 cents and i suppose that's 10 cents.

My bad, i can't do math, apparently anyways. We end up almost 10 cents and it consolidated and consolidation is confirmation to buyers that a stock is not going to just rip and dip because nobody wants to buy we've all been there. We've all been there, we've all bought into a stock after it's ripping you're. Like yeah man, i'm so pumped to make some money and it just plummets back down to wherever or if it was before it ripped.

This is confirmation of buyers. That's not gon na happen right, so we'd like to see that volume we'd like to see the rsi correction only to neutral. That is very, very good. Now this is kind of an outlier.

This is an asterisk, i'm guessing. This is a direct offering of some sort, but outside of that, the corrections have not been that harsh. This is the worst one, we've seen right down to 35 or so most of the time. It's been very, very nice in terms of corrections, and this does look like it's getting ready to rip.

So what should you expect right? Well, right now we're really hugging this retracement line, and what this means is from the base of this run-up to the peak of the run-up we gave back 61.8 percent of it are hugging this 39 line. So this is a very, very, very strong, acting level of support, and that indicates strength in a stock. So as long as we hold above that retracement line, i do think this is going to continue to be in bullish territory. Now, if we push below this retracement line at 39 cents, this might enter bearish territory, but we are trading at 41 cents right now, as of the after hours, you did see a little bit of price action here in the after hours, which is very promising.

Now we might see a push over this top trend line in this wedge formation. Now, what's gon na happen, if that happens, you're gon na be looking at a push above 42 cents. That should bring a nice little squeeze of price action and i expect to see a retest of 45 cents and a push through that is gon na bring us a re-test of 48 cents. Now, there's a couple different things you can do here.

You can play this as a midterm and hold, which is what i currently am doing, i'm in at a kind of not great dollar cost average 37 cents, but i am holding this for the midterm with with the information that i know about this company. I do think that they have some potential to short term midterm, and i want to see how the price action plays out before i decide to hold it longer, but as it sits now, i'm going to play this as a midterm hold. What you could do is play this as a swing trade right, it's a very volatile stock. We see a trading between a very tight price zone here.

So let's take a quick peek. We see that it bounces extremely well off this level at 39 cents. So what could you do well, knowing that this bounce is really well for 39 cents? You could ride the bounce off 39 cents to one of these levels. On the retracement we see a nice bounce off of 42 cents.

You can get in at 39, get out of 42 drops back down to 39, get back in get back out at 42. If you see a push right to the next level, see it bounce get back out, rinse and repeat, rinse and repeat rinse and repeat until you see either a push underneath 39 cents or you see it push over 45 cents, in which case, if you see a Push over, they just keep riding right, but if you see it bounce um that will indicate to you either to get in or get out depending on where we are on the retracement so trading in a very tight price zone right now, i do expect it to Consolidate uh further or push above this trend line, it's bullish right now. That's all i can say about ctrm everything about. This is saying extremely extremely bullish that news article uh it could have affected the price action it may already be factored in as of friday, but right now ctrm looks very good on the charts.

So, let's change over to the two day and look for any last confirmations that we may need to help our investing decisions and what i'm seeing right now is just a confirmation of that wedge formation. So we are seeing this squeeze down up until the after hours. We did see a push above this top trend line, so it could be the beginning of another nice run. Now we do have what i like to call a closing volume bar and what is the closing volume bar and i'm trying to incorporate little lessons into these videos if you enjoy that, please, let me know in the description box down below, but a closing volume bar Is essentially the largest bar volume, either red or green on the day, and this typically follows up with the lowest or highest price point on the day.

So, typically, if you see this huge red volume bar right off the right off the bat in the morning right this, this should tell you hey. That's probably the lowest, we're gon na see the stock drop on the day, because that's not sustainable. You can't keep that kind of volume going into the stock. It's gon na get tired, so uh.

We do see the lowest point on the day pops back up. It consolidates a lot of up and down up and down that's per picture, perfect squeeze into price action. A battle between the bulls and the bears and as the battle continues and we keep drifting upwards, this is favoring buyers right now, so that looks absolutely beautiful. If we take a look at the candle wicks here, just to see how much buying or selling pressure we have, there is quite a bit of buying pressure that i can see.

We've got a nice big fat hammer right here. A hammer is a candle with a long tail, followed by a thick head on the top. So that's a nice looking hammer candle, typically a very bullish indicator which did follow through. We do see some buying pressure and then a lot of candle wicks with tails.

On the bottom - and that typically indicates weak selling pressures, so i think everything about the stock right now looks absolutely beautiful. I would consider ctrm either a hold or a buy if you can buy into this at 39 cents. I think you can do extremely well and if you want to get out of this as a swing trade, you could very very easily bounce in and out in and out in and out between 41 42 and 45 cents. So that is what i have for the video today.

If you enjoyed it, please drop a like. It really does help support the channel and consider subscribing if you'd like to see more content like this. That is what i have for you guys today. Thank you for watching my friends and i'll see you all next time.

Peace.