GSM/N trade ideas
Ferroglobe PLC Announces Share Repurchase ProgramGSM: Ferroglobe PLC
2018-08-21 16:28:00
Ferroglobe PLC Announces Share Repurchase Program
#GSM Trending up & Bullish Engulfing Signal#GSM is trending up.
Positive surprise on last earning release.
We see Bullish Engulfing Signal on Friday's close.
I see 1:2 Risk:Reward ratio.
P.S : Its not an investment idea, these candlestick studies are just for myself, for my own educational purposes.
Swing Trade- Option Trade the Open interest is on the put side 0 on the call this will let you buy cheap at the price if we don't break bellow the trend channel
This Stock have a relative Strength of 94% with an estimate earning Q242%-40% just follow the price action and volume confirmation.
GSM- Potential short from Resistance at $11.47 to $9.88GSM will be an interesting short potential, if it testes its resistance at $11.47. We think it will decline after testing its resistance & it can fall as low as $9.88
* Trade Criteria *
Date First Found- May 25, 2017
Pattern/Why- Potential short from Resistance
Entry Target Criteria- Retest resistance at $11.47
Exit Target Criteria- $9.88
Stop Loss Criteria- $11.73
Please check back for Trade updates. (Note: Trade update is little delayed here.)
GSM 30%+ for month, 70% short float, unprofitable qtr, dividendsGSM is an interesting stock, with almost 70% short float and up 30% for the month. It's had several unprofitable quarters, but yet still pays 8 cent dividends. It certainly got a lift because of the president-elect Trumps plans to build/repair the nations infrastructure, bridges, etc.
Watching for Golden CrossA long term bearish trendline has recently been broken, and the downtrend seems to be reversing. Watching for price to break above the 200MA to go long and then wait for a golden cross.
