Pupm&Dump trading strategy idea. $ITP is rising without clear preconditions today. The demand for shares of the company looks lower than the supply. This and other conditions can cause a fall in the share price today. So I opened a short position from $1,06; stop-loss — $1,32 . information about take-profit will be later. Do not view this idea as a...
Since I entered into this position, ITP has formed a downward wedge . I updated the key fundamentals on the chart and they are pretty much the same with some small minor changes , mostly positive changes. ITP is approaching to a key deciding factor as it has formed a very nice downward wedge , meaning it is likely to run soon if it can break the wedge up...
This seems like a pretty good risk/reward setup . ITP manufactures tissue in China but also recently took on a contract to make face masks amid the covid 19 demand . Most of the fundamentals look , quite frankly , amazing . Like , for example, the $7.53 book per share value and the fact that they have absolutely no debt. They have had some declining EPS...
IT Tech Packaging, Inc. is a holding company, which engages in the production and distribution of paper products. It operates through the following segments: Orient Paper HB and Orient Paper Shengde. The Orient Paper HB segment produces printing paper and corrugating medium paper. The Orient Paper Shengde segment produces digital photo paper. The company was...
IT Tech Packaging, Inc. is a holding company, which engages in the production and distribution of paper products. It operates through the following segments: Orient Paper HB and Orient Paper Shengde. The Orient Paper HB segment produces printing paper and corrugating medium paper. The Orient Paper Shengde segment produces digital photo paper. The company was...