Breaking out of the rectangle, also fits the ascending wedge pattern with a break above. Will give it a shot and bet on the trend. Positive earnings. Stop set if it falls back into the consolidation range = trend failed.
Wary of extended SP500, but following price as always.
This is a DuPont spin off. This year they announced large increase in Profit (700mln) and a new product of Freon with ultra low environment impact + already signed agreement with large Air-cond company.
Technicals:
Crossed the Downtrend channel
Crossed the 50 SMA
Increased average Volume
Market:
Equities are recovering after panic sell off in Dezember.
These are the FUTURE dates for CC with the highest probability for experiencing a price swing high or low. Apply your own indicator(s) to determine the price swing direction.
Up for discussion today is The Chemours Co. (ticker: CC) a diversified chemicals company in the materials sector listed on the NYSE. The company currently has either a Buy or Strong Buy rating by several research firms, and I'll be looking to add the stock to my portfolio if fundamental and technical conditions turn favorable.
Fundamentals: CC has reported...
CCS is printing a bullish hammer candlestick over candlestick price bar on heavier above average volume with my momentum/trending oscillators confirming the price move. I am going long CCS on Thursday using a limit (GTC BUY LMT) order @ 30.15. I will have two trailing sell stops (GTC SELL STP) @ 29.10 and 28.50 to protect my initial invested capital in case CCS...
CCS is printing a bullish hammer candlestick over candlestick price bar on heavier above average volume with my momentum/trending oscillators confirming the price move. I am going long CCS on Thursday using a limit (GTC-BUY-LMT) order @ 30.15. I will have two trailing sell stops (GTC-SELL-STP) @ 29.10 and 28.50 to protect my initial invested capital in case CCS...
CC 4 hour chart is looking bearish for next few weeks. From Fib Ret and cypher pattern. I would look initially for PA to hit $43.00 soon, then go to $40 after.
CC seems breaking down from longer term upward channel. It has a lot of insider selling, and P/E ratio of 72.33, where Debt to Equity is very high 10.06. We think it has good down-side potential.
* Trade Criteria *
Date First Found- June 6, 2017
Pattern/Why- Fallen angel pattern
Entry Target Criteria- Break of $38.13
Exit Target Criteria- $30.74
Stop Loss...
CC has been in a good uptrend for a while now. we had another breakout on good volume on Friday giving an opportunity to add to the trade, which is in decent profit.
BBs are expanding, which is a nice thing to see. I am looking to add further once we see trend continuation patterns.
One of 2016/2017 top gainers. Looks like 5 wave near completed.
Possible ascending diagonal wave 5. Bearish RSI as well.
If a correction does happen, this would be a great short.
I'd looking for longs here. Since last Monday it's printing new all-times highs. Seems like 32.50 and 33.00 are gonna be some level indicate whether this my long bias is correct
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NYSE:CC
