LYB
Jul-Aug tends to be a reliably bullish month for LYB. LYB is in a multi-year sideways trend, but the trends in-between this range has considerable range. It has embarked on a short term uptrend, which coincides with the cyclical performance of LYB. It has cleared the fib retracement level of 61.8% and the next level to test will be 78.6%.
Chasing the...
We discussed it in the beginning of December in the Xmas wishlist class, and discussed aggressive entry was $92 area & $90 March Puts, the puts should be in nicely in-the money by now.
we still like the $90 March Puts (currently $7.20), however updating stoploss to $92.13 to give a little bit of room & target is $72.
You can check detailed analysis on LYB in...
LYB breaking down from a head & shoulder formation in short term & it has lot of insider selling from key investor. In long term it formed a descending triangle.
Now it had its earning released today & in reaction it did decline a bit, so we think it will decline breaking the triangle formation.
To trade LYB we would consider $80 March Puts (6.2)
You can...
LYB is declining within triangle & we think it will break down & may decline to 30 area. Break of 70 will be trade confirmation.
For the trade we are looking for Dec 70 or 65 put.
You can check our detailed analysis on LYB in the trading room/ Executive summery link here-
www.youtube.com
Time Span: 5:30"
Trade Status: Pending
Fundamentals :
LyondellBasell Industries N.V. operates as a manufacturer of chemicals and polymers, refiner of crude oil, producer of gasoline blending components, and developer and licensor of technologies for production of polymers.
The Gulf Coast petrochemical boom and Chinese expansion are leading to an oversupply of the world’s two most common plastics,...
I found this stock on a scan for short trades, ironic. At first look everything looks good for a continuation short trade after the gap down on 1/14/15, but on 2nd look the gap down now looks like a classic exhaustion gap. It looks like any short now is a bear trap. We have a tight trading range, a strong uptrend before this correction, this looks like classic...
3 months ago, when i posted this my short was triggered at 112.21, that was due to bearish divergence.
Waiting patiently for this overvalued stock to tumble, i can roughly see the current downtrend channel
after falling for almost 40% i am seeing a potential Class A bullish divergence developing.
the highlighted lower channel support is where i intend to collect...
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...
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...
LyondellBasell Industries N.V. (LYB) is a commodity chemical company that processes plastic resins and other chemicals into a range of fuels and other products. The company’s stock is currently trading around $90.40 in a 52 week range of $57.33-$93.99. The stock has been doing very well this year with shares of LYB rallying more than 12.4% year to date. Options...
