GASS StealthGas Options Ahead of EarningsIf you haven`t bought the Double Bottom on GASS:
Then analyzing the options chain and the chart patterns of GASS StealthGas prior to the earnings report this week,
I would consider purchasing the 7.5usd strike price Puts with
an expiration date of 2024-3-15,
for a premium of approximately $0.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
GASS trade ideas
$GASS: Challenging a Supply Line at a Support FloorStealthGas right now is attempting to Spring back above a Macro Support floor and break through a Supply Line it has formed within this range.
Upon breaking free from this supply line we should most likely see it go to atleast complete a 61.8% retrace.
GASS high demand for its services soon!!!The U.S. will supply 15 billion cubic metres of LNG (liquefied natural gas) to the European Union this year to help it wean off Russian energy supplies. And this looks like the beginning of a long term business plan.
GASS StealthGas provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users internationally, including various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, also refined petroleum products (gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals).
GASS has a fleet of 50 vessels!
Market Cap of only 90.493Mil
I think this stock can easily double soon!
Looking forward to read your opinion about it.
Stealgas long term up channelAlthough price is trading in an up channel, the upper end of the channel is showing some profit taking.
This immediate order flow is providing the downward force which looks to target the $6 range, if at least
to test the lower boundaries of the channel. Notice the time that the previous retracement in 2011
smacked this stock for a 61% sell off before rallying much higher. This can be expected over the coming
months and thus giving traders ample time to prepare for the buying opportunity around $6. Risk can
be limited by exiting if the upward channel is broken to the downside. Even if that happens it looks like
the long term holders may try to defend the $3 level suggesting the better long term opportunity.