jangseohee

Big punch from the Bear

Short
NYSE:LYB   LYONDELLBASELL INDUSTRIES N V
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1
When LYB has a second top on 19 Sept, with 2x the volume and MACD showing bearish divergence, it triggered my buy Put options @ 114 expired in Dec 2014. Minor support is 108 but i am looking at the 103-104.5 rising window as the next Bull/Bear checkpoint to take a cue whether to take my profit.
Apparently it engages in narrow channel downtrend now.
Adding salt to the wound, yesterday the bear launched yet another big punch with 3x the amount of force.

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