Although 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...
Price spiked down below the Median Line will have equal opposite energy reaction above the Upper Parallel.
Let's see if the price will retract back towards the Median Line.
StealthGas, Inc. engages in the provision of international energy seaborne transportation services to liquefied petroleum gas sectors. Its owns fleet of vessels that carry petroleum and petrochemical gas products in liquefied form such as propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer. The company was founded in December 22, 2004 and is headquartered in Athens, Greece.
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