OLIN CORP

OLN breakout play

Long > 27 Stop - 26.45 Target - 28

This is part two of the OLN chart presented two days ago. As a disclosure I am long OLN. CIRCLE THE WAGONS and use Fibonacci cycles in conjunction with your indicators. Let's review Don's TRADE-MAP approach: TRADE = 1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces. .....MAP = ...

There was a sharp down-trend in OLN from December 7th, 2015 to the market bottom in mid February 2016. Look to the far right on the chart, around $18.00 (follow the large red arrows). You will note a yellowish line on top (lips), with black dots below (teeth), and a blue line (jaw) below the black dots. Now, all three are rising, correct? This is where I ask you ...

Going bullish with an entry at 17.87 and a stop at 15.72. This Trade has a 3:1 Reward:Risk ratio. My stop is placed at a old support and belows the 50 EMA. I have no idea why this stock is down so much but according to a teamate of mine Mr. Brad "the Dad" Reed it has paid a dividend every quarter for 23 years! Buy this low, keep your stop in place and follow ...

possible divergence on the STO looking for 2 areas of resistance