Notes/Thoughts:
* Strong earnings in the recent quarters
* Strong up trend in the longer time frames
* Broke out of its base and started to move higher but due to recent market conditions it pulled back and is now showing signs of continuation
* Close to the pullback recovery area of $127.11
* Recently tested historical all-time-highs of $114.47 as support
Technicals:
* Sector: Basic Materials - Specialty Chemicals
* Relative Strength vs. Sector: 13.47
* Relative Strength vs. SP500: 11.83
* U/D Ratio: 1.45
* Base Depth: 12.05%
* Distance from breakout buy point: 0.75%
* Volume 19.05% above its 15 day average.
Trade Idea:
* You can enter now as the price is still close to the pull back recovery buy area
* Manage risk accordingly
* Due to the current choppy market conditions I've tightened my stop to 4% and reduced my target to 6%.
* Strong earnings in the recent quarters
* Strong up trend in the longer time frames
* Broke out of its base and started to move higher but due to recent market conditions it pulled back and is now showing signs of continuation
* Close to the pullback recovery area of $127.11
* Recently tested historical all-time-highs of $114.47 as support
Technicals:
* Sector: Basic Materials - Specialty Chemicals
* Relative Strength vs. Sector: 13.47
* Relative Strength vs. SP500: 11.83
* U/D Ratio: 1.45
* Base Depth: 12.05%
* Distance from breakout buy point: 0.75%
* Volume 19.05% above its 15 day average.
Trade Idea:
* You can enter now as the price is still close to the pull back recovery buy area
* Manage risk accordingly
* Due to the current choppy market conditions I've tightened my stop to 4% and reduced my target to 6%.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.