Great divergence from CTRM v. Baltic Dry Index

Despite CTRM having good running earning report, the share price has been plunged down more than 800% from the top. The stock is heavily shorted by hedgie with reason of reverse stock split. There is a great divergence with Baltic Dry Index. BDI Index have break 10 year new high. It imply company may have record high Earning report incoming. We may hope have possibility to see the stock have reversal signal anytime soon.

from the chart analysis, there is huge volume come in @ aug 6 make a gap up LC bar, then doing a full pullback covered the gap. Currently the chart is still havent done complete pullback. may need to further monitor..

current support 1.87- 1.91 show have a temporary good support in this moment.

Yorum:

update 25/8: the stock have moved to green pentagon and doing retest for the support.