Member @drummonddrive inquired in the trading room about FRO (Frontline Ltd ADR) & STNG (Scorpio Tankers Inc), both shipping stocks, as potential long trade ideas. FRO could be putting in a right shoulder on a nice Inverse Head & Shoulders bottoming pattern on the daily time frame. If so, it would need to reverse soon & rally back up to the neckline in order to keep nice symmetry on the pattern. FRO daily Nov 28th STNG has been getting pounded with wave after wave of selling for years now but with potentially powerful divergences forming on this weekly time [...]
The following Long Swing Trade ideas have either hit one or more profit targets and/or hit their suggested stop or final price target & will be reassigned to the Completed Long Swing Trades category, along with all associated posts (charts & notes) to be archived indefinitely for future reference. Due to the large number of trades that need to be moved from the Active to the Completed Trades category at this time, the following trades will be batched out together: BBBY: Posted as a trade setup on Dec 6th, triggering a long entry the next day on an impulsive breakout above [...]
This video reviews all of the official trade ideas, both long & short, that are currently listed as Active Swing Trades on Right Side Of The Chart. While the majority are still Active Trades, several of these trades have already hit their final price target or exceeded their maximum suggested stop & will be reassigned to the Completed Trades category asap. I wanted to cover those completed trades as some still look good & most importantly, suggested price targets & stops are just that; suggested. Traders & investors might opt to use their own targets & stops that are inline with [...]
An overview of some of the unofficial swing trade ideas posted in the Trading Room (9 longs & 1 short). The following trade candidates are discussed in this order: MNKD, TEVA, WFM, FCEL, GPRO, AMKR, IONS, CARA, STNG & PIOI.
The following notes & chart outline the entry criterion, price target, suggested stop & suggested beta-adjustment to the position size for a swing trade in STNG, Scorpio Tankers Inc.
I continue to see bullish developments in the shipping sector with numerous stocks set up for potentially explosive gains, should the momentum players step in once again. In fact, quite a few of the recently highlighted individual shipping stocks as well as the shipping etf, SEA, have just recently broken above the key breakpoint levels that were highlighted in the recent videos & trading room updates. While the historic & expected volatility of many of the individual shipping stocks can be extreme at time, it appears that the potential returns make the shipping sector one of the most promising trading & [...]
After publishing yesterday's Shipping Sector & Trade Ideas video , in which I covered some of the more aggressive, low-priced small, micro & nano-cap trade ideas that have the potential for explosive rallies as well as "implosive" losses, I dug into the charts a little deeper, adding many of the larger, more (relatively) stable shipping stocks to my watch-list. Additionally, I did some analysis on the shipping sector by comparing the price history of the Guggenheim Shipping etf, SEA, with that of the Baltic Dry Shipping index ($BDI) as well as the HARPEX shipping index. I had meant to cover those [...]