This supply chain company engages in the ownership and operation of dry bulk vessels. It manages Newcastlemax, Capesize, Panamax, and Ultramax vessels and transports bulk commodities, including ores, coal, grains, and fertilizers. It is also involved in the charter, purchase, and sale of vessels. Take a look at the…
6-month chart of Golden (GOGL) below with added notations:
Chart of GOGL provided by TradingView
GOGL has formed an important level of support at the $8 mark (green). The stock has rallied off that mark multiple times in recent months and appears to be falling back down to it again. If the $8 level were to break, lower prices would likely follow.
The Tale of the Tape: GOGL has key support area around $8. A trader could enter a long position at or around the mark with a stop placed under it. If the stock were to break below the support…
Continue reading at WEALTHPOP.com
