Notes:
* Great earnings track record
* Very strong up trend
* Pays out dividends
* Breaking out of a ~7 month base with higher than average volume along with printing a pocket pivot
Technicals:
* Sector: Basic Materials - Chemicals
* Relative Strength vs. Sector: 4.49
* Relative Strength vs. SP500: 6.32
* U/D Ratio: 1.38
* Base Depth: 29.41%
* Distance from...
ASH getting closer to New All Time Highs
7 Month Long Base
Technically perfect setup
But lack of Volume and Institutional Ownership is a concern
Measured Targets: 126 & 138
ASH: Ashland Global Holdings In.
2022-05-26 20:00:00
Ashland board authorizes a 12 percent increase in quarterly dividend and new, evergreen $500 million common stock repurchase program
TA Vs FA
Both Technical and Fundamental analysis seeks to evaluate an asset.
In my opinion, these 2 major analysis methods are similar more than you think!
FUNDAMENTAL ANALYSIS
The FA involves the financial analysis of an asset by focusing on the underlying factors that affect that asset.
The assumption behind fundamental analysis is that the market does not...
Ichimoku Day View
ASH has been showing a rough ±10% consolidation past couple months.
Tenkan dipped below Kijun in the cloud
RSI dipped below 30 - looking for upward movement for possible entry @$70.63
I engaged in a short position with ASH Strike $70, Put cost $2
Target is $65 Jan 18 exp,
Stop at $1, FED is pushing more rate hikes next year. Spy could continue going south.
Description of Chart :
I was supposed to post this yesterday looking at two potential zones to short. Entry 1 was hit today so we are short, you can look for a continuation down. If we don't get that move down you could try shorting at "entry 2" on the chart. Both look appealing to me.
Website : www.lukelehepuu.com
Take a look at my website, you can become a...
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...
Ticker : ASH
Direction : SHORT
Entry Price : 115.79
Current Price : 112.39
Description of Chart :
In my last chart idea for ASH I advised of a potential touch of the 50MA, we almost got there however did not hit it. Due to this I still feel there is another potential down move to either touch, or break through it to then get to our next target of 108.81. Not...
