I was researching insider picks on FINVIZ and i noticed the director -Franklin Martin E- (Over %10 holder) bought into the stock, with $17 million+ worth of volume...
(One of the largest transactions over the last 12 months from an insider)
See links below for additional research and detailed financials for the company.
simplywall.st
finviz.com
The TA and...
like $ESI a lot. Building a constructive base. Don't think it will get out today but something to watch and add to your list for next week. The shakeout (red circle) is icing on the cake for potential higher prices.
Trading is a game of mental challenges
You don't just need to have a great method
You don't just need a great indicator or an algorithm
What you need is the ability to make the Correct Decisions at the Right Time.
I Executed a Trade on ESI right at the breakout point.
It was a good entry.
Held it long enough
But later lost discipline got too...
If you were part of my weekly newsletter you would have seen this trade set up on the list as possible to breakout today. The VCP pattern is clear. Really good earnings and solid price point. This stock has pulled back roughly 15% from highs and looks to reclaim ATH in the near future. My entry was 18.30.
Trade smart. Use a stop.
Company Profile:
A Global Innovator of Advanced Specialty Chemical Solutions
Element Solutions is a leading specialty chemicals company whose operating businesses formulate a broad range of solutions that enhance the performance of products people use every day. Developed in multi-step technological processes, our innovative solutions enable our customers'...
Company Description:
Element Solutions Inc produces and sells specialty chemical products the United States, China, and internationally. The company operates in two segments, Electronics and Industrial & Specialty.
Technically Speaking:
After a Prolonged rally from Mid March till Mid June, the stock entered a consolidation area (highlighted in gray), that has...
$ESI Buy Alert Recommendation at $1.67
$ESI Book Share Value is priced at $6.83 and is currently trading at $1.67.
Book Value Greater Than Market Value: The financial market values the company for less than its stated value or net worth. When this is the case, it's usually because the market has lost confidence in the ability of the company's assets to generate...
Previous prognosis for ESI was wrong. Making another try. More details supporting the prognosis: Convergence + CCI + RSI + BB + Resistance. Expecting +50% of value in 3 month. :)
