Small Cap Spec Stock - 5x potential?As the electric vehicle (market in the U.S. continues to expand, ASPN stands to benefit from its integral role in the EV supply chain. With GM’s growing market share in EVs and an expected surge in EV sales, demand for advanced thermal management solutions, such as those provided by Aspen Aerogels, will likely see significant growth. ASPN specializes in aerogel insulation products, which are essential for ensuring battery safety, efficiency, and performance—crucial aspects as EV adoption accelerates.
Despite concerns over EV battery fires, which have been a source of skepticism, ASPN’s technology offers a unique solution to mitigate these risks by enhancing the thermal stability of batteries. As EV manufacturers look for ways to improve fire safety, thermal management solutions like those offered by Aspen Aerogels will be in higher demand.
Overall, ASPN serves as a proxy for the broader EV industry, benefitting from the rapid technological evolution and increased consumer and governmental focus on safer, more efficient electric vehicles. With GM ramping up its EV production, ASPN is well-positioned to capitalize on this growth, making it a compelling stock for investors looking to gain exposure to the EV sector.
Whilst this is an extremely risky stock, if the business executes and the expansion of it's facility goes smoothly, this stock can do a 5-10x. But trade with caution, always have a stop loss.
Not financial advice, do what's best for you.
ASPN trade ideas
ASPN - Dec 24 100SMA StrongWeak BounceASPN
Premarket entry to capture price as it is within our Stdev range and we can be ahead of the crowd as we expect the greater force (RUT) to continue dropping
Sector: Energy Insulation, EV
Short Interest: 11.29%
ADR 6.38%
Does it respect the H1 100SMA (Min 3Months): Yes
Stagnent Revenue, negative EPS
Insider filings see the CEO selling around $30 the peak before the fall in Oct 24. Price has dropped 60% since then.
Is it a Hype Thematic (AI, Solar): EV and Energy, there is a bearish sentiment on EV demand. If Trump does remove the EV subsidies for consumers, there should be a larger fall in demand.
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
Market Update - 6/15/2024This week I do a deeper dive into all the things I look at, outside of the regular trades.
Summary:
• overview of my strategy, experience, style
• large cap tech is driving all the performance, seems quite overbought ( NASDAQ:QQQ , AMEX:SPY )
• market breadth keeps worsening ( INDEX:MMOH , AMEX:IWM )
• interest rates ( TVC:US10Y ) have dropped, which in my opinion reflects more of weak economic outlook and weak equity returns, rather than a strong fuel for a potential market rally
• currently I'm only 35% invested, 5 positions
• down 3.5% since last week
• however, combined performance with my passive account is slightly up (long position in NASDAQ:TLT and a long put on NASDAQ:QQQ since Friday)
• lots of failed breakouts, reversals in the last few weeks in my watchlist and portfolio
• limited opportunities, only a few interesting setups:
NASDAQ:AIRG
NASDAQ:IPW
NASDAQ:FOSLL
NYSE:BRCC
NYSE:ASPN
• will remain cautious and only add 0.1-0.2% risk positions, and only up to 50% invested
ASPN, 5/15-5/24, 9.5% PROFITAspen Aerogels (ASPN) reported earnings of $0.01 per share on revenue of $94.50 million for the first quarter ended March 2024. The consensus estimate was a loss of $0.13 per share on revenue of $73.04 million. The company beat expectations by 120.00% while revenue grew 107.30% on a year-over-year basis.
ASPEN AEROGELS Stock Chart Fibonacci Analysis 072623 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 8.02/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.