JIN - I ferd med å rykke nordover?


Ser at det er lagt ut en artikkel om supramax på http://www.hellenicshippingnews.com/dry-bulk-ffa-supramax-market-looking-bullish/. Det kan se ut som om JIN er en aksje som skal ta igjen det tapte fremover da den har lagget litt sett hen mot eksempelvis GOGL. Kanskje vi får en test av 10,- allerede i dag?

Teknisk er det også verdt å merke seg at JIN (på kort sikt) har brutt opp i en OHS-formasjon hvor target er ca. 10,50.

Artikkelen sier følgende:

Dry Bulk FFA: Supramax Market Looking Bullish
in Dry Bulk Market,International Shipping News 12/12/2017

Supramax Index- Technically bullish we have concerns regarding the recent market pullback and the potential Elliott wave formation.
• Dec – This technical is starting to weaken having made a lower low after an aggressive two day pullback. Needs to produce fresh market highs to regain bullish momentum.
• Q1 – Technically neutral as price action is bearish but above the longer term means. From a technical perspective higher probability buy scenarios come from higher highs and higher lows.
• Cal 18 – Very similar to the Q1 futures. The Cal 18 is in bullish territory but making lower lows.

Supramax Index Weekly
Support – 10,045, 9,081
Resistance – 11,891, 12,643, 13,594

In terms of price action the corrective phase in the Supramax has been greater in time and price than at any point since June. From a technical perspective this sets of an alarm bell, suggesting a potential change in trend could soon be upon us.

Key support at USD 10,045 has held, and at this point the trend remains in bullish territory. However a five wave bullish pattern has formed, this has been followed by its strongest corrective phase in 5 months.

Elliot wave can be subjective, however we have to highlight that this could be entering leg B (the bullish wave within a corrective cycle) within the cycle, even if we remains in bullish territory at this point.

Fibonacci resistance can be found at USD 10,790, USD 11,001 and USD 11,211.

Technically bullish, Elliot aside, the depth of the corrective wave is enough to question the market strength.


Supramax Dec 17 Daily
Support – 10,510, 9,865
Resistance – 11,505, 12,010

The Dec futures are currently in a corrective phase having recently made a fresh market low, and at this point will remain so below USD 11,505.

From a technical perspective the lower low would suggest the probability of a lower high forming, and market longs should remain neutral at this point. We also have concerns at the ferocity of the two day corrective phase, as this would suggest buying support has withdrawn from the market at this point.

Technical support can be found at USD 10,510 and this is a key support for market sellers as it is the recent market low and a natural downside target in the near term. Failure to trade below this level should have market shorts looking to tighten risk.

Supramax Q1 Daily
Support – 9,481, 8,982
Resistance – 10,038, 10,134, 10,537

The Q1 18 futures remain in bull territory as it is above key averages. However a strong pullback suggests there is selling pressure at higher levels, and this is supported by the stochastic. A fresh market high would probably signal a bearish divergence, not a sell signal it does warn of weakening market momentum.

The recent market pullback has now created a lower low in the market making this a higher risk entry from the buy side from a technical perspective. A higher high that holds above the recent market low is a more preferable entry area.

A lower high from here would suggest a corrective wave down, however we remain above the 34 period EMA and 50 period MA so market shorts should regard any sell entries as short term counter trend plays until these averages are broken.

Technically this market looks neutral at this point as the bearish price action is countered by the averages.

Supramax Cal 18 Daily
Support – 9,839, 9,526
Resistance – 10,291, 10,742

A very similar technical to the Q1 18 futures. We remain above key averages, and this would suggest there is strength in the underlying market. However, the recent two day pullback was aggressive and has made a lower low.

From a technical perspective the lower market low would suggest there is a higher probability of a lower high forming and this makes it a dangerous area for long entries. This is supported by the stochastic, which at 55 has the potential to produce a bearish divergence, if a fresh market high is achieved.

For market sellers a lower high could attract technical sellers but this would be above the medium term MA’s and should be considered counter to the long term trend.

Again a neutral market at this point unless we make fresh market highs of close below the averages.

Source: Freight Investor Services (FIS)
Redigert 12.12.2017 kl 08:15 Du må logge inn for å svare
anderix
12.12.2017 kl 11:36 2855

Ja, det er en god del som skulle tilsi at denne snart skulle bevege seg oppover. Synes det er rart den ikke har begynt klatringen allerede, men mulig den går fort når den først begynner å gå. Vi får se, i mellomtiden trader jeg litt og koser meg litt med andre aksjer mens Jin aksjene ligger til modning;-)
Sa2ri
13.12.2017 kl 07:06 2718

Som nevnt i oppstart av denne tråden var det utviklet en OHS-formasjon på kort sikt. Target var dessverre feil da dette skal være 10,78 slik det fremkommer under:

"Jinhui Shipping ligger i en tilnærmet horisontal trend og videre utvikling i samme retning indikeres. Aksjen beveger seg i en rektangelformasjon mellom støtte på 9.08 kroner og motstand på 9.53 kroner. Etablert brudd på et av disse nivåene vil signalisere videre retning. Aksjen ga kjøpssignal fra en omvendt-hode-og-skuldre-formasjon ved bruddet opp gjennom motstanden ved 9.37 kroner. Videre oppgang til 10.78 kroner eller mer er signalisert. Aksjen tester motstanden ved ca 9.50 kroner. Dette bør gi en reaksjon ned, mens et brudd opp gjennom 9.50 kroner vil utløse et kjøpssignal. Volumet har tidligere vært høyt rundt kurstopper og lavt rundt kursbunner. Volumbalansen er også positiv, noe som styrker aksjen og øker muligheten for et brudd opp. Aksjen anses samlet sett teknisk svakt positiv på kort sikt."

Aksjen er positiv med kjøpsanbefalinger på bade mellomlang og lang sikt også.
anderix
14.12.2017 kl 13:25 2529

JIN lar vente på seg. Hvorfor går den ned i dag, annet at børsen generelt faller noe?
15.12.2017 kl 11:20 2417

14kr etter q4 resultatet! Pengene fosser inn i jinkassa..
anderix
15.12.2017 kl 11:22 2398

Vi får satse på det;-)
Sa2ri
19.12.2017 kl 10:38 2212

"The appetite for supramaxes shows no sign of abating in the final few weeks of 2017. Clarksons Research has details of four recent supramax sales in its latest weekly report. Osaka-based Santoku Senpaku has sold the 2012-built Canary K for $16.7m to Neptune Lines. Clarksons notes the vessel does not have M0 class notation, meaning […]"

http://splash247.com/supramax-sales-show-no-sign-easing/

Kjedelig denne no men har stor tro på at vi blir belønnet om en stund.
21.12.2017 kl 10:12 1924

Signal Update Our system’s recommendation today is to SHORT. The pattern finally received a confirmation because the prices crossed below the Stop Loss level which was at 8,90, and our valid average selling price stands now at 8,89. The previous BUY signal was issued on 18.12.2017, 2 days ago, when the stock price was 9,05. Since then JIN.OL has fallen by -1,77%.........
really
21.12.2017 kl 12:41 1898

Kurser er noen merkelige dyr. Ser en på BDI burde kursen i JIN ha crashet forlengst. En nedgang fra midt på 9 tallet til rundt 9 er bare 5%, mens GOGL på det meste var rund 13% ned.

Men det er før en ser på delindeksene i BDI. Supra har holdt seg helt flatt mens Cape har falt som en sten. Ligger helt stabilt på 10 500 som gir dem et kvartalsresultat på litt over 6 MUSD eller rund 50 øre pr aksje. Annualisert gir det en PE på 4,4 i dag.

Og det er i starten av en oppgangsperiode for bulk. Samtidig har verdien av flåten steget mye det siste året.

De samme argumentene kan i større eller mindre grad brukes om BEL og SBULK også. Ingen av dem har hatt noen oppgang av betydning siden bunnen.

Her ligger det gull og venter for dem som vil ha.
21.12.2017 kl 12:50 1874

Enig, Really.

Supra ratene har ikke bevegd seg mens Cape har falt 10k usd på noen få dager. Samtidig har jo Jin falt noen prosenter. Kjøpte Jin igjen i dag, satser på den skal over 9 igjen ila et par dager.