LPG - Dec 24 100SMA StrongWeak Bounce
Opening h1 candle closed wish strong bullish rejection. Entered trade within Stdev
Sector: Chemical Transport and Products
Revenue has be dropping Q/Q but QoQ it has increased. This is similar to the EPS
Short Interest: 4.34%
ADR 3.05%
Does it respect the H1 100SMA (Min 3Months): Yes
Is it a Hype Thematic (AI, Solar): No but this is a cyclical sector. I noticed a number of other shipping companies are facing similar bearishness. So this softness might be part of the cyclical phase.
Also with potential increase in tariffs with China, there should be some expected slow down in demand. China has also focused on removing external reliance and that is also bad for tankers.
- 11 Nov seekingalpha.com
100SMA StrongWeak Bounce 🏀 (0.5R) v1.0
Trading risk at 0.5R as we are testing this strategy
This trade model is based on us riding the 100SMA trend waves of the strongest and weakest companies. It only executes well when greater force (RUT & SPX) is trending. Entries are at greater force key levels when it is consolidating. When greater force is taking off it is too late.
Entry
Within Stdev 100 zone
SL = ATR14 * 2 (Run full course no early exits)
Trailing stop (Previous Day Low or high)
Price launch off (D1)
D2 Closes
D3 Move SL to D2 Low
