A61 trade ideas

swoopdog

Interesting shape formed off the resistance lines. It looks like it will drop to the mid 12's but will then have a sharp reversal toward circle A.

swoopdog

So far, ASC has been a reasonably good wave follower and now looks poised to finish what has been an impressive 3rd wave. Also Love the low P/E, improving liquidity, strong analyst support, dividends, and track record of beating estimates.

Dynamiac

ASC is profitable, it has been delivering >5% EPS growth in the past 5 years and is projected to deliver >5% EPS growth in the future. Debt/Equity ratio is <0.8x. I like it when it is less than 1x which means there is some liquidity there. The shipping industry has been performing really well in the past couple of years due to rising shipping rates despite low...

gaurang911

$ASC - continued trend up , shipping names continued to perform

nexxtrade

FA V - Yes I - Yes G - Yes TA 1 - W Bottom 2 - Broke downtrend line / Making Higher Highs, Higher Lows 3 - Broke major resistance 4 - Above MAs

zAngus Updated 

Ardmore Shipping engages in the seaborne transportation of petroleum products and chemicals worldwide. It is up a bit over 300% over the last 12 months and is going through a bit of a pull back to a better value area. Could be worth a watch to see if it recovers and continues to run.

ishorus

I've been interested in ASC since I opened my positions in Teekay Tankers (TNK) and Frontline Ltd. (FRO). The macro background is very positive for this sector based (e.g. transporting petroleum products). However, this price action has gone parabolic. Looking at the monthly chart it's a straightline up. It's in monthly and weekly exhaustion. Weekly volume is...

mrgobe

Entry on breakout, simple target @ 1,5R. Set and forget.

cdarbonne3344

had i been watching, could have been a decent start to a trade.. once it cleared the prior res from the last two days..

jevanss25

ASC has been the gift that keeps giving for me. It has strong Growth characteristics that the market is seeming to reward once again. Alongside this the company is an energy transportation play which is a sector I am focused on given the European energy market The 20EMA acts as a Support, with the company riding this up and rarely breaching it - yesterday you...

jevanss25 Updated 

Got in ASC Long Happy to take a 4% risk as I got a great entry (for once!) Coil breakout into new multi year high EMA Uptrend This is a smaller position than usual given there are concerns over profitability and valuation

Master_of_Fine_Charts Updated 

MACD and the Force Index recently crossed and the most recent candle tested the .5 fib level and the descending trend line only to close just under both. In addition 50% of shares traded in the last 12 months have traded in the 6.94- 7.79/ share with the most at 7.47. I would like to see a close over 7.28 to initiate a long swing trade. Targeting: 7.50, 7.84, 8.25

irishborninvestor

50 Day MA Test. Tightening up now after solid reaction. Trend somewhat long in the tooth but nice setup for All Time Highs.

zhasan92hz

*ASC Made a New 52 Week High *Volume picking up *Last dip held by 200DMA *1 Year Long Base

eshemuta

I saw this and thought I would publish a idea and follow it along, checking in along the way to its eventual bottom and reversal. Just a guess

distinctFriend18900

You take responsibility of your own trades!

distinctFriend18900

You take responsibility of your own trades!

RA_Capital Updated 

$ASC is another Oil&Gas shipper that is breaking out from a multi year consolidation/bottoming pattern Since the OCT'16 low the stock has been trading/consolidating/bottoming inside a box (trading 5.00-9.05 range) with an attempt to break down during the DEC'18 capitulation Starting with the summer 2018 the stock has formed a C&H pattern on the weekly chart This...