May have entered to early, could retrace after touching the top of the channel. Could also be a breakout. Stop loss set.
ASIX with a close above the resistance line at $50.5 zone and support at 30day MA , leads me to believe we turn higher after cooling off from the 33-57 leg Oscillators are turning with good volume and relative strength in a weaker tape market. In the resin / fertilizer basic materials space, LWLG another name also with a bullish chart IMO. Keeping this one...
AdvanSix Inc. showed recently a good upside movement. Due to company business and Q/Q statistics they try to do well even with a COVID-19 world backstage. Will be watching this company and their stock movements...
ASIX has been moving upwards since the end of 2016 with Higher-High's and Higher-Low's. R: 42.50 S2: 39.59 S1: 34.90 ATR: 1.00 N: 2.00 Next action: Watch 42.50