SHFG trade ideas
big pic breakout on ger small cap SNP Schneider-Neureitherfinally, SNPSchneider also made it to become part of Tradingview, which is good and made me register here right away to talk about it.
I own SNPSchneider since the pullback in june 2016 and added to my position thursday 09/22 which averages my entry to 28.7. It is by far my biggest position and I consider it to be a fundamental big money trade. On friday, 09/23 SNPSchneider reported its 2nd big order of about $10Mio by 2 US companies within the chemical industrie. most certainly, these companies are Dow Chemical and Dupont. Stock prices went up to 34/34.5ish in late after hours trading. Knowing that the market cap of SNPSchneider is just $120Mio, this is a huge order. However, it also demonstrates that SNPSchneider is currently transforming from a small software company to be a successful global player being on the list of even the biggest US corporates when it comes to sophisticated SAP systems.
The Chart on tradingview doesn't look as nice coz it's got no history in it, maybe you can find a different tool to chart it yourself.
Consider this stock as a trade at 33/32ish, if you can get it, with stops below pivotal point which is marked by the ad-hoc on friday late afternoon, e.g. 30.2.
