2waytrading

Will Earning help crush overhead resistance?

NYSE:LYB   LYONDELLBASELL INDUSTRIES N V
98 0 1
The company will report Friday before market which needs you to make your judgement before Thursday. Today's 3.44% jump was not a surprise, but the close at high of the day is interesting. The upside chance is very high, and strong numbers and guidance should send it well above 102.-103 area which is over head resistance. Recent damage is very scary, and only tells regardless how high it will run after report the price will settle somewhere 70 area before it continues 3-year topping formation which now seems very damaged in terms of price and volume . Follow the big pundits when they decide to take profit which can get ugly within eye blink. If you decide to take a long position beware the upcoming earning. If you want a real time alerts try http://www.2waytrading.com
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