Notes/Thoughts:
* Great earnings record
* Strong up trend
* Breaking out of a ~13 month base with higher than average volume
* Recently used historical highs of $65.56 as support
* Last bullish hammer indicating tonnes of demand below $67.49
* Extremely close to the broken resistance of $67.49 offering a great risk/reward
Technicals:
* Sector: Basic Materials - Chemicals
* Relative Strength vs. Sector: 9.19
* Relative Strength vs. SP500: 8.08
* U/D Ratio: 1.2
* Base Depth: 29.46%
* Distance from breakout buy point: 0.86%
* Volume 46.06% above its 15 day average.
Trade Idea:
* You can enter now as the price is really close to the broken base resistance
* Manage risk accordingly
* If you're looking for a slightly better entry you may wait for the price to pull back to $67.49
* Due to the nature of this choppy market I've reduced my stop and targets accordingly.
* Great earnings record
* Strong up trend
* Breaking out of a ~13 month base with higher than average volume
* Recently used historical highs of $65.56 as support
* Last bullish hammer indicating tonnes of demand below $67.49
* Extremely close to the broken resistance of $67.49 offering a great risk/reward
Technicals:
* Sector: Basic Materials - Chemicals
* Relative Strength vs. Sector: 9.19
* Relative Strength vs. SP500: 8.08
* U/D Ratio: 1.2
* Base Depth: 29.46%
* Distance from breakout buy point: 0.86%
* Volume 46.06% above its 15 day average.
Trade Idea:
* You can enter now as the price is really close to the broken base resistance
* Manage risk accordingly
* If you're looking for a slightly better entry you may wait for the price to pull back to $67.49
* Due to the nature of this choppy market I've reduced my stop and targets accordingly.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.