Hunstman is a chemical manufacturer whose earnings have plummeted over 85% compared to the first half of 2022. The chart is a prime example of a large head & shoulders pattern. Analysts expect its earning to remain depressed and the chart shows signs of Distribution over the past 2 years.
Chemical maker Huntsman might not be the kind of stock traders often watch, but it has some potentially interesting chart patterns.
First is the level around $33.50, near the highs in November. Prices have been holding it in recent weeks as the broader market tumbled. Is old resistance becoming new support?
Second the current range is turning into a triangle....
Huntsman Corp (HUN) made a New All Time High and closed above it
Breakout of 2 Year Long Base
Well defined risk reward
Price well above 200 DMA
Above average volume
This is a Bullish indicator signaling HUN's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron A.I. dvisor identified 49 similar cases where HUN's MACD histogram became positive, and 41 of them led to successful outcomes. Odds of Success: 84%. Current price $23.86 is above $22.85 the highest resistance line found...
Hey traders, HUNTSMAN CORP is in a bullish continuation with a strong buying volume, it is located on the vwap and on a strong trend support. So we have a strong propability to break the vwap in force to reach more than half of the equilibrium zone. So it's going to breakout the area to arrive in a new one and go to the next higher which corresponds to the top of...
$HUN stock price has been range trading / consolidating for 12 months inside the purple rectangle (with the exception of 2 failed breakout attempts in FEB and APR 2019)
After the summer bottom around the end of AUG'19 stock has rallied towards the top of the range around 23.81 but failed to breakout and instead started to form an ascending triangle ( dotted black...
NYSE:HUN Let it test the support around 20.45 area, come back up and short on the way down, as I've drawn on the chart.
Please like and comment if you like my ideas. THANK YOU!!!
Please note that this information is not a recommendation to buy or sell. It is to be used for educational purposes only.
