HTR trade ideas
HUN- Upward channel breakdown short from $23.93 to $19.73 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 Target $21.23, 2nd Target $19.73
Stop Loss Criteria- $25.33
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Huntsman Corp.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!
Entry: $25.06
Stop: $24.48
Target 1: $27
HUN: The Force is Strong With This OneFollowing 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.
HUN Moving to New Highs; Classic Chart ElementsPreviously, 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 months of further consolidation and base-building near the neckline, the shares last week broke out into new high territory and appear to have put in place a very clear uptrend (as they would say in Edwards & Magee) "of unknown scope and duration"
$HUN Head & Shoulders Bullish in View of $CC Big "Beat."$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 portion of othe more extended Head & Shoulders?
$HUN H&S Bottom Forming? Too early for Breakout; Sell the move here into the Neckline and cover on the expected pullback back to the rising support line.
Daily chart so no rush!
#HUN - EMA CROSS + BL CROSS CL ABOVE KUMOBULLISH 50 EMA CROSSING 200 EMA + CL CROSS BL ABOVE KUMO
TAZ ENTRIES EXPECTING SOME GOOD UPSWING
#HUN Resistance turned Support and testing 50 dma.Late September 2015, #HUN gapped down through the 14 USD level. The stock has tested this level a couple of times and it acted as a strong resistance. In April 2015, #HUN bullishly breached resistance for the first time and now #HUN is dropping lower and testing back the key 14 USD level. Will it hold as support this time? Price is testing the 50 day moving average in this potential support zone. If it holds; there is some nice upside in this stock.
Risk/Reward = 4
HUN COVERED CALL IDEAHUN (basic materials) currently has an implied volatility rank of 64 and an implied volatility of 60, and the premium to the call side for slightly out of the money calls is sufficiently rich to lower the cost basis in a long stock position to a favorable break even metric (Feb 19 12 short calls currently .77 at the mid price).
Here's the basic setup:
100 HUN long shares at 11.41
1 Feb 19th short 12 call
Entire Package: 9.72 ($972) (making your break even at 9.72/share, excluding fees/commissions)
Max Profit: $228 if called away at $12
Notes: Naturally, I'm looking at off hours prices here with wide spreads on the underlying and on the short call, so you'll no doubt want to reexamine the setup come Monday NY open.
