GLBS Can't go much lower.
Hello,
What is GLBS?
Globus Maritime Limited, an integrated dry bulk shipping company, provides marine transportation services worldwide. It owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes. As of December 31, 2019, the company owned and operated five vessels with a total carrying capacity of 300,571 deadweight tonnage. It charters its vessels to operators, trading houses, shipping companies and producers, and government-owned entities. The company was founded in 2006 and is based in Athens, Greece. Globus Maritime Limited is a subsidiary of Firment Trading Limited.
News
My Thoughts For You
GLBS has had 3 reverse splits Oct 15, 2018, 1:10 Stock Split/Oct 20, 2016, 1:4 Stock Split/Jul 29, 2010 1:4 Stock Split. Looking at the chart you can see this as spikes in price but is only an accountant trick for drawing in more investors. A reverse split is actually a signal for when a company is in distress.
Looking at this chart we see the price has plummeted from $543.60 ATH (Dec 2010) to ATL of $0.30 (March 2020), the stock has recovered by 300% reaching $0.92 within the last few months but is now in a correction and I am hoping to see this as a wave 2 correction. I am not saying that this can't go to new lows (monitor the 4hr) but suspect that the bottom is in and hopefully we will see some kind of recovery for this company and their investors.
If you're not sure how to get into a trade or when to take profits then check out this tutorial I have created in the comments section under "My Trade Advice For You"
Good Luck, Cheers!
Be sure to comment, follow, like, and check out my profile for more trade ideas!
What is GLBS?
Globus Maritime Limited, an integrated dry bulk shipping company, provides marine transportation services worldwide. It owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes. As of December 31, 2019, the company owned and operated five vessels with a total carrying capacity of 300,571 deadweight tonnage. It charters its vessels to operators, trading houses, shipping companies and producers, and government-owned entities. The company was founded in 2006 and is based in Athens, Greece. Globus Maritime Limited is a subsidiary of Firment Trading Limited.
News
My Thoughts For You
GLBS has had 3 reverse splits Oct 15, 2018, 1:10 Stock Split/Oct 20, 2016, 1:4 Stock Split/Jul 29, 2010 1:4 Stock Split. Looking at the chart you can see this as spikes in price but is only an accountant trick for drawing in more investors. A reverse split is actually a signal for when a company is in distress.
Looking at this chart we see the price has plummeted from $543.60 ATH (Dec 2010) to ATL of $0.30 (March 2020), the stock has recovered by 300% reaching $0.92 within the last few months but is now in a correction and I am hoping to see this as a wave 2 correction. I am not saying that this can't go to new lows (monitor the 4hr) but suspect that the bottom is in and hopefully we will see some kind of recovery for this company and their investors.
If you're not sure how to get into a trade or when to take profits then check out this tutorial I have created in the comments section under "My Trade Advice For You"
Good Luck, Cheers!
Be sure to comment, follow, like, and check out my profile for more trade ideas!
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