Monday, September 21, 2020

Shipping/Chartology: Maersk

From Kimble Charting Solutions, September 21:

Shipping Indicator Sending New Bearish Message To The World And Stocks?
Is the largest shipping company on the planet sending a bearish message about the economy, which will impact stock prices? Sure could be!
This chart looks at Maersk on a weekly basis.

It looks to have double topped at each (1). When it peaked for the second time in December of last year, it was sending a leading message to the broad market that the economy/stocks were about to sink! We all are well aware of what happened to stocks after this company started sinking!!!.....