PACS - Update pre-earningsThis is setting up hot with momentum and clear supply and demand zones to allow us to take trades confidently.
Watch the video to understand further - this will give you a great understanding of how to read supply & demand in a very simple way based on volume & price action
Happy Trading :)
PACS trade ideas
PACS - An under the radar name that should be watchedFor a little more context on this chart, please do your own fundamental research - but from what I've been told, this is way undervalued and is still suffering from a Hindenberg report a year ago that is no longer of substance.
Technically speaking, we are seeing some beautiful tapering within our HTF strong selling red algorithm - We have a clear path toward proving white/bullish tapering that I identify in this video.
Happy Trading :)
PACS Group Options Ahead of EarningsAnalyzing the options chain and the chart patterns of PACS Group prior to the earnings report this week,
I would consider purchasing the 15usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $0.27.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
PACS - Dec 24 100SMA StrongWeak Bounce
Sector: Nursing facilities
Revenue and EPS has stalled, not clear consistency.
Short Interest: 1.98%
ADR 5.17%
Does it respect the H1 100SMA (Min 3Months): Yes
Both founders have around 45M units of stock left after selling in Sep (8M units), Apr (1.6M units)
4 Nov, Hindenburg has done a short report leading to a gap down and decline of almost 60%. hindenburgresearch.com
26 Nov PACS Group receives NYSE non-compliance notice
Is it a Hype Thematic (AI, Solar): Potential US healthcare
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
PACS - Dec 24 100SMA StrongWeak BouncePACS
Sector: Nursing facilities
Revenue and EPS has stalled, not clear consistency.
Short Interest: 1.98%
ADR 5.17%
Does it respect the H1 100SMA (Min 3Months): Yes
Both founders have around 45M units of stock left after selling in Sep (8M units), Apr (1.6M units)
4 Nov, Hindenburg has done a short report leading to a gap down and decline of almost 60%. hindenburgresearch.com
26 Nov PACS Group receives NYSE non-compliance notice
Is it a Hype Thematic (AI, Solar): Potential US healthcare
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
PACS GROUPPACS GROUP
One of the stocks identified in the IBD 50 index.
This is a a recent IPO.
A first long leg show an gain of 83%
A recent consolidation with higher lows and volatility contraction (VCP).
Entry 1: 39
Entry 2: 41
Entry 3: on breakout: 42
Stop loss: 37.86 (1 ATR = 0.5% of the capital)
The idea is to build a position step/step, manage the risk of portfolio, the stop loss shall be raised up after Entry 2, Entry 3, to keep a risk around 0.5% of the capital equal to 1 Average True range (ATR)
Conclusion: looks correct opportunity, to be followed up for a possible trade to build up.