Looking at the performance of the global markets over the past one week, we can see that most equities did pretty well, while commodities and Gold ended the week weakly.
Oil, especially, has been dropping sharply, and this had led to a negative impact on offshore-and-marine stocks.
This is the performance of offshore-and-marine stocks over the past one week, and we can zero in on those that are weakest, such as Keppel Corp, NOL, and Cosco, for potential shorting opportunities.
This is the chart of Keppel Corp, which is forming a bear flag and running into strong resistance, which makes a good shorting opportunity. Don’t miss out on this! 😀