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Montrose Environmental Group, Inc.Montrose Environmental Group, Inc.Montrose Environmental Group, Inc.

Montrose Environmental Group, Inc.

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MEG trade ideas

MEG - Dec 24 100SMA StrongWeak BounceBet size is 1/2 kelly f*portfolio = (11690/2)*0.5 (I already have PACS running so I accounted for 2 stocks) MEG - Sector: Environmental services & consulting - Past two quarters, revenue and EPS has stalled - ADR 9.56% - Short Interest: 8.07% - Avg Vol (30D): 787.48K - Market cap: 573M - Does it respect the H1 100SMA (Min 3Months): Yes - Is it a Hype Thematic (AI, Solar): No - Nothing from insider filings 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 = Candle open + ATR14 * 2 Trailing stop (Previous Day Low or high) Price launch off (D1) D2 Closes D3 Move SL to D2 Low
NYSE:MEGShort
by Ronin_trader
$MEG is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea Montrose environmental was one of the first to see environmental responsibility as not just an imperative but as a strategic asset. They are well ahead of the curve in applying the latest technologies in practical ways to solve difficult environmental challenges. The share price is rising and gonna continue this trend today. The demand for shares of the company still looks higher than the supply. These and other conditions can cause a rise in the share price today. So I opened a long position from $18,5; take-profit — $26,50; stop-loss — $16,00. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas.
NYSE:MEGLong
by KozakHlib
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