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Thursday, May 27, 2021 1:55:03 AM
Was rooting around the Russell 3000 list entries and saw this one
Immediately recognized the inverted head and shoulders pattern on many different charts
Implies many different trade opportunities as defined by the basic pattern structure
Each graph where it is identified has the same trade setup yet on different time frames and profit taking levels
The inverted head and shoulders pattern is a good one to keep in mind, as the trade setup usually has a 2:1 or 3:1 reward to risk ratio, meaning you can be wrong at least half the time and still make a profit.
Basically you buy the breakout of the neckline and place a stop below the right shoulder. The sell target is how deep the head is to the neckline flipped upwards.
As we can usually see the distance from the buy price to the stop level is 1/2 to 1/3 the distance to the sell price target.
for more info on the most accurate pattern to use
https://www.google.com/search?q=inverted+head+and+shoulders
while not certain, this pattern might have a link to a certain guy "Kilroy was here"
https://www.google.com/search?q=kilroy+was+here
and a certain song from the 80's by Styx called Mr. Roboto
https://ardmoreshipping.com/
https://finance.yahoo.com/quote/ASC/profile?p=ASC
https://www.barchart.com/stocks/quotes/ASC
https://finviz.com/quote.ashx?t=ASC
https://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=ASC
https://stockcharts.com/c-sc/sc?chart=ASC,uu[e,a]dhclyiay[uu][pb5!b10!b50!b100!b200!d20,2!h.02,.20!f][vb5!b20][iut!lv8!lk9!LE12,26,9!ll14!la6,13,5!la8,17,9!la12,26,9!uc14!ub14!ub6!lo!lp7,3!lh9,3!LI14,3!lxa!ld8!lq!lg14!lf14][j20444984,y]&r=3555b
https://www.barchart.com/etfs-funds/quotes/ASC/technical-chart?plot=CANDLE&volume=total&data=DO&density=X&pricesOn=1&asPctChange=0&logscale=1&indicators=TREND&sym=ASC&grid=1&height=500&studyheight=100&timeframe=2%20Months
normal chart
log chart
normal chart
log chart
Recent ASC News
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- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 09/13/2024 04:15:06 AM
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- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 08/30/2024 08:27:37 PM
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- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/30/2024 08:20:56 PM
- Form F-3 - Registration statement by foreign private issuers • Edgar (US Regulatory) • 08/30/2024 08:17:42 PM
- London Shipping Summit-Industry Leaders Presenting At 16th Annual Capital Link Shipping & Marine Services Forum • GlobeNewswire Inc. • 08/28/2024 12:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/12/2024 08:04:15 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/05/2024 08:09:03 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/31/2024 12:07:23 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/31/2024 12:05:06 PM
- Ardmore Shipping Corporation Announces Financial Results For The Three and Six Months Ended June 30, 2024 • PR Newswire (US) • 07/31/2024 12:00:00 PM
- Ardmore Shipping Announces Second Quarter 2024 Conference Call and Webcast • PR Newswire (US) • 07/17/2024 08:15:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/08/2024 04:26:33 PM
- Ardmore Shipping Announces Leadership Transition • PR Newswire (US) • 07/08/2024 12:30:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/18/2024 09:07:45 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/20/2024 08:51:03 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/08/2024 08:05:45 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/08/2024 08:04:49 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/08/2024 12:08:10 PM
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