Elementis plc is a United Kingdom-based specialty chemicals company. The Company operates through two segments: Specialty Products and Chromium. The Specialty Products segment provides functional additives to the coatings, personal care and energy markets.
Market Cap: £895Million
The momentum in Elementis appears to have slowed in recent weeks. It’s an early call, but I think a bottom pattern could be about to complete. The shares posted an impressive turnaround from the lows in yesterday's session to form a large candle. A break of resistance at 167.9p should get things going on the upside. The medium-term target is up at 209p.
Target 1: 175p
Target 2: 198p
Target 3: 209p
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