Back in July we spoke of possible bullishness in SALT. Since then we've seen tentative, but steady, climbing of the stair case, with some heavy testing of support points. There appears to be a building of price support in the 3.70 area, and this may lead to a more solid consolidation.
So far, so good.
Previous mumblings on SALT:
2016-07-09 10:55 AM
Scorpio Bulkers - SALT
As the week closes, SALT has maintained its steadiness, perhaps even knocking on the ceiling around 3.15 over the past few days. Any building into the 3.00 / 3.50 range could prove slightly bullish.