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.
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Please note that this information is not a recommendation to buy or sell. It is to be used for educational purposes only.
First time on here. I like to trade HUN because it is predictable from a technical analysis standpoint. Looks like we should be headed down, so I am prepared to close out my buy position.
Have a great day,
Bottomed out on support. Will run again above 32.60. Will bounce off of all time high and retest before making its next breakout.
Bonus points: I think it will track along the yellow diagonal once it breaks past the downward gray diaganol.
HUN is breaking down an upward channel. Moneyflow declined very sharp & it some some insider selling as well.
We think it will decline further & we would consider it as a momentum short from $23.93
* Trade Criteria *
Date First Found- May 30, 2017
Pattern/Why- Upward channel breakdown short
Entry Target Criteria- Break of $23.93
Exit Target Criteria- 1st...
HUN has been showing strong momentum recently but has pulled back sharply in the last couple trading sessions. Sellers should be exhausted at this level and i expect price to see some support here. Use a stop to control risk!
Target 1: $27
Following the breakout from the reverse H&S pattern HUN has continued to work its way higher on the 4-hour chart and the latest consolidation patern over the past week or so at the far right side, could barely contain the stock's rising tendency.
HUN is now poised to move to new highs provided the overall market remains cooperative.
Previously, I noted that HUN appeared to be forming a "reverse Head & Shoulders" pattern, with a neckline just below $16.50.
The stock proceeded to break out above that neckline, supported by improving fundamentals in the company's Titanium Dioxide business.
After a classic post-breakout pullback to the up-sloping trendline in September, and another nearly two...
$CC equity is up about 24% since it reported a big titanium dioxide pricing-based earnings beat. $HUN also is big in that market, though more diversified. Still, if that market is recovering strongly, That gives alot more confidence taht this H&S pattern is the real deal.
And is that a handle forming over the past several days for a cup and handle as the closing...