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Tuesday, 10 October 2017

Samudera Shipping: 10 October 2017, Tuesday, 9.12am Singapore Time

Samudera Shipping: 
10 October 2017, Tuesday, 9.12am Singapore Time
(Click on Chart Above to Expand)

Attached above is the technicals for Samudera Shipping. It is a quality shipping company that is listed in the Singapore SGX. This is in line with my previous macro analysis on the entire shipping cycle and shipping industry worldwide. Samudera Shipping is in buying mode in the market. Volume flow is as illustrated on technical chart. Each increasing buying volume is met with reduced selling volume. Additionally, the reduced selling is able to hold support base at higher minor lows. The entire series of volume flow in the market is very healthy. Huge U-shaped Technical Bottom will usually yield a Huge U-shaped Rally as highlighted on chart. Expect a significant rally on Samudera Shipping. At least +50% profit to +100% profit is expected from Samudera Shipping.

Reference Baltic Dry Index, BDI, indicator for Shipping Industry and International Trade Health:
https://donovan-ang.blogspot.sg/2017/10/baltic-dry-index-shipping-industry-and.html

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