Hey guys,
As we can clearly see there is many reasons why there is a high probability of NYSE:EMN continuing the bullish move to the up side. We have the following indicators:
1. Nice clear larger degree impulse
2. Deep corrective ABC to 61.8% retracement
3. Lower degree impulse breaking out of larger degree trend line
4. Flag formation and broke out to up side
The PEAD projected a Bullish outlook for $EMN after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 87.5%.
The PEAD projected a Bearish outlook for $EMN after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 40%.
Hey my friends, EASTMAN CHEMICAL CO is in a bullish continuity with a large volume of purchase. On MULTI TIMEFRAME we also notice a desperate attempt by sellers on their shadows. big possibility of breaking out the consolidation zone and can be filled in the bullish gap. If the sellers let rise artificially the title.
Please LIKE & FOLLOW, thank you!
Considered a value stock. Prior yearly high is 83.09 with a 20 year high of 112.45
No rising wedges noted. NV is high. Large Effective volume with a pocket pivot on Friday
I see closest S at 76.5ish
No rising wedges noted
Not a recommendation
Eastman Chemical Company operates as an advanced materials and specialty additives company worldwide. The company's...
Stock EMN seasonality starts to Buy date on February 3 and ends Sell date on April 23
Percent Profitable is 78.95% in 19 years and an average return of 9.16% per year
