Semi Conductors are the news... why not the chemical's?
The Chemours Company (CC) is a global leader in the production of specialty chemicals, serving a wide range of industries including automotive, electronics, and construction.
ATH $58
Hard Off with loads of Hungry bulls
Currently in the golden pocket with a higher low on the 3 Month
watch retest of $26.70...
An idea showing two directions up in green, down in red.
My bearish side tells me that price is "rolling over" and turning towards the bearish side (red)
Bulls want to continue the trend of creating higher lows
Scan Criteria
Does this stock meet my custom 12 point scan criteria? Yes, came through on my 40/40 Earnings Scans
Structural Checklist
1. Can a proven price patterns be identified? Yes, Cheat
2. Is the 50D SMA trending up? Yes
3. Has price moved >20% since its last consolidation? Yes
4. Is the weekly RS above its Zero Line? Yes and printing new 10...
$CC 7 months base that is now building a cheat area after breaking its downtrend (red dotted line).
One to add to your WL and see how it develops.
RS @ 78 not the strongest but this is constructive action so far.
We are right on a support at 27.50 with this ticker. 6 straight red days yet I can't find any negative news. RSI looking oversold. Look at those volume candles the past 5 days! Eventually the sellers are all dried up and all that is left is buyers like me.
Profitable company with 70%+ institutional ownership. I feel safe taking a swing here. Better chance this...
Hello traders, THE CHEMOURS COMPANY is in a fake bearish trend with a sell volume return issued and a kind of hammer candle. Looking at the TIMEFRAME M1 we see a marubozu with higher purchase volume than sales it starts on the last previous sound lower. And make a reversal it goes on the VWAP to break it in force and come on the top of the range. There is a great...
I would like to see this stock (CC) go past the alert and continue onward.
Once it passes the alert I will put a buy order into paper trading.
I must also realize that the market is very tenuous right now and because of this it may take a few days or longer to reach its potential. But if the principles Hold up it should continue upward.
Chemours forming a Bullish WW for targets upto 50 in medium term... go long at cmp 20.9 with all dips till 13 with sl of 12.85 on weekly closing basis.
Weekly close above 28 shall fetch 50 :)
