Lyxor STX600 Chemical, with its inverted head and shoulder (bullish continuation pattern).
Macro German industry in freefall - ESI Lower & PMIs lower. Consumer confidence lower, the chemical industry relies heavily on consumer products. China PMIs lower again. Micro 60% of sales are based in China/Europe new orders slowing "In China, the world’s largest automotive market, the decrease was more than twice as high, at around 13%." Profit warning 30%...
BUY signal at 61.73 Albemarle Corporation is a global developer, manufacturer and marketer of highly-engineered specialty chemicals. The Company operates through three segments: Lithium and Advanced Materials, Bromine Specialties and Refining Solutions. It is one of the biggest Lithium mining company in the world. If you want to see more history of this...
These large Chemical Industry companies have also been singing their siren song for over a year (at least from the beginning of 2018), as they did prior to 2015, and in early 2007: Nasdaq 100 vs. DD, LYB, EMN, ALB, HUN
Sasol is an international integrated chemicals and energy company that leverages technologies and expertise of over 30 000 people working in 33 countries. Sasol develops and commercialises technologies as well as build and operate world-scale facilities to produce a range of high-value product streams, including liquid fuels, chemicals and low-carbon...
For the Chemicals index, I believe within this quarter that it should reach $670 as a price point. The overall correlation have been positive. The market has been full of upswings and the DOW Jones as well as Stock Indexes are all seemingly strong. Also the stock rally of many of those chemical based companies are expected to go up given the demands of synthetic...
IPI FLAG PATTERN BREAKOUT:2.50 TARGET: 3.04 (+22%) POSITVE MANSFIELD SECTOR POSITVE MANSFIELD.
EVDK HEAD AND SHOULDERS PATTERN FROM 2017/04/24 TO 2017 06/06 BREAKDOWN: 30.12 TARGET: 28.16 (-9%) NEGATIVE MANSFIELD WEAKING SECTOR MANSDFIELD DSCX
LIND ABCDE PATTERN FROM 2017/03/23 TO 2017/06/02 BREAKOUT:173.83 TARGET: 196.48(+13%) POSITIVE MANSFIELD
We are a fan of Johnson Matthey over the long term. The recent correction looks to be a great chance to buy the FTSE100 chemicals company. The shares have formed a channel on the weekly charts and also found support on a relative basis versus the index. There is big resistance at 3575p, which if overcome could open up the upside towards 4000p and beyond. The long...
Johnson Mathey has outperformed the benchmark index and chemicals sector over the past 3 months. The shares are in a long term uptrend and have triggered a buy in our model. Buy at the open with a stop at 3414p. Target 3775p
Ticker : ASH Direction : SHORT Entry Price : 115.56 Current Price : 111.04 Description of Chart : Entered this short as it was getting towards the upper end of an upward sloping channel, it was looking like it was topping out so entered short. Using bollinger bands helped in this case as you can tell when price is starting to fade and when it no longer wants...