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Celanese Corporation
Short

CE - Dec 24 100SMA StrongWeak Bounce

By Ronin_trader
Updated
CE
Premarket entry to capture price as it is within our Stdev range and we can be ahead of the crowd as we expect the greater force (RUT) to continue dropping

  • Sector: Materials - Chemicals
  • 9 Dec - Scott Richardson, currently Chief Operating Officer, has been appointed Chief Executive Officer and will join the Board of Directors, effective January 1, 2025.
  • Nov 24 earnings
  • - CEO Lori mentions demand struggles
  • - Reduction in the construction, paint and coatings market
  • - Demand destruction for derivatives, particularly in China for things like EVA into the solar markets
  • - BMO Capital Markets downgrades CE - “the chemical maker faces ongoing weakness in Europe and China amid excess production capacity for products such as nylon and what are known as acetyls.”
  • - Revenue is stagnant, but there is EPS growth
  • ADR 3.16%
  • Short Interest: 4.64%
  • Does it respect the H1 100SMA (Min 3Months): Yes
  • Is it a Hype Thematic (AI, Solar): China’s demand deceleration epecially in EVs and Solar.



  • 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
Trade active
Scaling 0.3R from BLMN risk savings. Calculated the risk using the same SL as the parent CE trade
Trade closed manually
Price had started stalling and we have macroeconomic news tomorrow
Chart Patterns
Ronin_trader

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