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The-Trend-is-the-Friend
Sep 27, 2022 6:47 PM

Huntsman (HUN) - Head and Shoulders? Short

Huntsman CorporationNYSE

Description

Possible Head and Shoulders pattern with Neckline @ $24. A break would give readable targets @~ 14ish. This also coincides with trend channel.
Comments
Joe-Magarac
Your charts look good and I agree that a breakdown below $24 would be bad; however, the C-suite guys have a handle on the world economy and they're reacting correctly to make changes within the company for proper "alignment." They also have huge "pricing power" and that's showing up on the Balance Sheet. I'm Bullish.
Joe-Magarac
@Joe-Magarac, I forgot to mention -- there's still Q4 Buybacks coming.
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