US Stock In Play: $CTRM (Castor Maritime Inc)

CTRM surprised with a further soar of +45.38% after the shipping specialist announced the purchase of new vessels. The most recent round of accumulation was previously highlighted on 2nd Feburary, with total gain achieved by CTRM for 2021 stands at +811.01%.

The accumulation of CTRM was first reflected on 4th December 2020, followed by various rounds of stronger buy pressure experienced on 30th Dec 2020, 5th Jan 2021, 11th Jan 2021, 21st Jan 2021, 27th Jan 2021 and 5th February.

At the current junction, CTRM exhibited a similar Bearish Spinning Top candlestick pattern that was printed on 28th January 2020. Further negation of this short bearish signal requires CTRM to clear $1.95, with the immediate resistance ahead set at $2.40
Beyond Technical AnalysisCTRMctrmanalaysisctrmbullctrmbuyctrmideactrmlongctrmsetupTechnical IndicatorsTrend Analysis

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