Sunday, November 15, 2015

[NNA] - first time chart of another Greek shipper

Navios Maritime Acquisition Co is another company in the Greek shipping group.  It's chart indicates that a rally of size-able percentage is on the near horizon but that after that its off a cliff into wave 5.  It's possible that there is still more downside in the D of HT4 wave per the blue model before reversing upward into E of HT4.

It's also possible that something else transpires before we get a fully formed HT4.  But I think it is likely for the HT to happen given the face that I model the prior wave as W3.  Time will tell.


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