China , trade wars & shipping!

If trade wars will come to an end and market optimism stays alive , then Seaspan Corporation (SSW) a fundamental play from Hong Kong in the shipping industry might be a profitable choice for a portfolio. Our quantamental model based on macro features & stock’s fundamentals and price action has raised a positive flag for this name with a current price of 9.91. Although it’s possible to see some retracement to the 9 level , the model gives us a greater than 72% probability of surpassing the 13 level within this year (2019). Putting some discretionary thinking to our model’s output , we like to emphasize the high volatility of this stock due to its industry, origin and high sensitivity to trade wars and China. For our long bias defense , we must add the possible bottom that freight shipping rates have hit recently.

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