APERAM - Ready to move higherAPERAM shows interesting features, like a short term bullish trend a pull back to the MA Ribbon support and a bullish day candle today: a buy opportunity once range breakout is confirmed.
APAM trade ideas
Aperam: ShortLower lows, lower highs. Don't fight the trend.
It had a nice run this month, but now it's oversold, might need to cool off.
Rising wedge and strong resistance.
4th Trade: APERAM and its Unusual VolumeShorting Amsterdam listed Aperam (APAM) is the 4th trade in the challenge. Unusual volume was the first reason this stock caught my eye. Before its most recent pullback, the stock's volume increased heavily (indicating possible insider selling). Coupled with a short on the B52 Strategy and the AlphaR strategy, this stock looks to continue test support levels. Will it breakdown or is this a false signal? Once again, instead of an actual short, I utilised Options.
Trade Details
09/07/2018 09:27 09/07/2018 Buy 3 AP P30.00 21DEC18@0.55 EUR (NLENX0929077) AP P30.00 21DEC18 EUR -165.00
In summary, I purchased 3, 30.00 puts at a cost of 55c or EUR165. The expiry date for these options is December.
Aperam Q3 EBITDA lower than expected, overall outlook still upThe revenue of Aperam in Q3 showed us lower ebitda/revenue than analysts expected. Still they managed to reduce debt and the outlook for Q4 is positive. Today a gap of -8% and it already filled the gap all the way up the opening. For now I anticipate on more upside.
Aperam: set to bounceAperam will climb within a few days/weeks. There were oversold conditions and at this very moment we are in a too negative momentum. The smart money flow shows us that hedgefunds believe in a rebound to at least 45 euros. The double bottom is set, so let the bulls run! The elliot wave indicates that a leg up is coming soon.
