ASPN - Dec 24 100SMA StrongWeak BounceASPN
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: Energy Insulation, EV
Short Interest: 11.29%
ADR 6.38%
Does it respect the H1 100SMA (Min 3Months): Yes
Stagnent Revenue, negative EPS
Insider filings see the CEO selling around $30 the peak before the fall in Oct 24. Price has dropped 60% since then.
Is it a Hype Thematic (AI, Solar): EV and Energy, there is a bearish sentiment on EV demand. If Trump does remove the EV subsidies for consumers, there should be a larger fall in demand.
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