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GOGL

Head & Shoulders pattern possibly playing outGolden Ocean had quite a run from lows in March 2020 to late May 2022 of +490%. Since then stock is down approx 40%. We now have this H&S pattern on weekly chart which signals a change in trend and also a possible Death Cross on daily chart in the making. Technicals are bearish and fundamentals are not looking great with Chinas economy slowing down and consuming less. Spot rates have nosedived and dry bulk sentiment is ‘worst it has been in many years’. Short positions are currently at 2,52%. Conservative target: nkr 74 Pattern target: nkr 59 Good luck!
OSL:GOGLShort
by Zolly
2
Golden Ocean confirmed for another drop. GOGL Goals 11.04, 10.51. Invalidation at 14.35. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
NASDAQ:GOGLShort
by Rykin_Capital
4
Shorting Golden Ocean Group. GOGLWe do not know why 9/10 predictions today have a bearish outlook. This seems to not be tied to the SnP performance. This makes sense considering that the review is of very small companies. That is companies with very volatile stock. A word on shorts - they are extremely risky. We do not encourage or give financial advice for that matter anyway. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NASDAQ:GOGLShort
by Rykin_Capital