PACS
- Sector: Nursing facilities
- Revenue and EPS has stalled, not clear consistency.
- Short Interest: 1.98%
- ADR 5.17%
- Does it respect the H1 100SMA (Min 3Months): Yes
- Both founders have around 45M units of stock left after selling in Sep (8M units), Apr (1.6M units)
- 4 Nov, Hindenburg has done a short report leading to a gap down and decline of almost 60%. hindenburgresearch.com/pacs/
- 26 Nov PACS Group receives NYSE non-compliance notice
- Is it a Hype Thematic (AI, Solar): Potential US healthcare
- 100SMA StrongWeak Bounce 🏀 (0.5R) v1.0
- Trading risk at 0.5R as we are testing this strategy
- This trade model is based on us riding the 100SMA trend waves of the strongest and weakest companies. It only executes well when greater force (RUT & SPX) is trending. Entries are at greater force key levels when it is consolidating. When greater force is taking off it is too late.
- Entry
- Within Stdev 100 zone
- SL = ATR14 * 2 (Run full course no early exits)
- Trailing stop (Previous Day Low or high)
- Price launch off (D1)
- D2 Closes
- D3 Move SL to D2 Low
Trade closed manually
Closed PACS At +USD60 as it is day 3 and it was struggling to break lower. I will redeploy the USD60 profit and the initial USD74 risk. 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.