Since the R/S CTRM has dropped hard, and I suspect it is heading down to close the smallest gap I’ve ever seen but nonetheless still a gap. While it is true that not all gaps needs to be closed before price can move in another direction (all depending on the different types of gaps) this gap however I do believe will be closed. It is lined with orange color. CTRM has been extremely successful closing new leases and expanded its fleet under Covid-19. The ERs are very impressive and they indeed indicate that a strong up move is on the way. My PT for ultimo 2023 is $28.
Not financial advice. Do your own DD.
Not financial advice. Do your own DD.