#LONG on Great Eastern Shipping: Breakout from consolidation
After reaching a high of 625.80 Great Eastern Shipping Co. entered a consolidation phase which lasted for 15 years.
After a failed breakout attempt in Nov'22, GESHIP broke out of consolidation in Mar'23 rising from levels of 532.25 to a closing price of 847.20 in Oct'23 generating 59% returns in last 8 months.
After a failed breakout attempt in Nov'22, GESHIP broke out of consolidation in Mar'23 rising from levels of 532.25 to a closing price of 847.20 in Oct'23 generating 59% returns in last 8 months.
Commento:
Target 1 approaching....