Swing Trading Model

[LiveLife]

STNG and CANB look interesting so let's do chart reviews on them and see.

5 year chart shows STNG on a downward trend with multiple Dead Cat Bounces (As you noticed from my watch list, I like Dead Cat Bounce stocks).



1 year chart shows rebound from April to June 2018 where $1.9 to $3.2 resulted in 68% gain (Not bad). Since, STNG fell to $1.5 and forming a trade channel where one could swing trade on BUY/SELL cycles for 30% gains (Not too bad either if channel is sustained and reversal/breakout up happens). I will add STNG to watch list as WATCH and try to swing trade with it if trade channel continues.




As to CANB, it appears price movement is repeating activity of Aug/Sep 2018 where share price popped but dumped quickly. I would be suspicious of buying CANB as I fear previous pop and dump may repeat. But we should monitor if upward trend continues.

Here's 5 year chart showing similar pop and dump pattern with possible start of upward trend.



And likely current pop may follow past patterns.