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.

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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.

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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.