PACS - Dec 24 100SMA StrongWeak Bounce

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• 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
  

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ملاحظة

Scaling up 1.1R since price has made a new low

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ملاحظة

Scaled again because while the other stocks we tracked were becoming bullish, PACS was the opposite and continued bearish. With our adjusted SL this was a USD100 bet vs a potential >2R return, it was good EV to let run into the Fed announcement and the bet paid off.

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Exit
Price hit previous day high