$BWET

Chart shows potential for another upward leg, but entry is avoided due to lack of liquidity and expectation that momentum will cap out.

“Pro Trader Market Update LIVE with Derrick Oldensmith”
T3 LivePublished Oct 6 · 3 passages

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BWE I think mostly over. What are your thoughts Derek? The ticker PWT. So this is the um the tanker shipping ETF. You know, we had speculation on this one in the VTF this morning too on these names.

And it's a it's a really really tough one. Uh, and it's not it's not something I've been overly following, though.

from a purely churning perspective, this doesn't look like it's done to me. Uh you had this huge again expansionary momentum move here that lasted from the beginning of September to the middle of September.

But the entire second half of September price and time corrected that and now it just potentially started to go again. this could be on the cusp of giving a whole another leg up, a whole kind of repeat of that that first half of September.

I do think that that dies out eventually. I think that that gets capped at a certain point, but this is not a chart.

And first of all, I would also know if you're trading this BW specifically, there's no liquidity in this thing at all. So, be extremely careful. This thing traded 60,000 shares so far today.

Um, I'm not willing to jump in front of this train at at this point.

What this channel has said about $BWET

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2026-10-06This one
BWE I think mostly over. What are your thoughts Derek? The ticker PWT.
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