If you haven`t bought the Double Bottom on GASS:
Then analyzing the options chain and the chart patterns of GASS StealthGas prior to the earnings report this week,
I would consider purchasing the 7.5usd strike price Puts with
an expiration date of 2024-3-15,
for a premium of approximately $0.60.
If these options prove to be profitable prior to the earnings...
After the very good results leading to a euro and something earnings per share, p/e places are in 3.The stock is undervalued and has made a golden cross as you can see in the circle, which is likely to lead to higher levels in the near future...
StealthGas right now is attempting to Spring back above a Macro Support floor and break through a Supply Line it has formed within this range.
Upon breaking free from this supply line we should most likely see it go to atleast complete a 61.8% retrace.
The U.S. will supply 15 billion cubic metres of LNG (liquefied natural gas) to the European Union this year to help it wean off Russian energy supplies. And this looks like the beginning of a long term business plan.
GASS StealthGas provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users internationally, including various...
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.
