Methanex Soars: How Strategic Moves and Methanol Demand Surge Propel MEOH to New Heights!
Introduction:
Methanex Corporation, the world's largest methanol producer, has shown remarkable resilience and strategic savvy in a challenging market environment. Despite a slight dip in revenue and earnings per share in Q4 2023, the company's shares have risen by 13.3%...
this company is a buy any time it enters the bottom trend channel, you could enter here and use a confirmed break of both trendlines as your sell. should continue to 46 before pulling back to the first trendline below though!
Weekly Chart:
Very recognizable Major Trendline drawn frpm point 1 to point 2. and broke down on COVID19 declines:
Besides the Major Up Trend, note that the price broke up the Down Trendline (the White one) of the Down Secondary Trend:
Daily Chart:
The Orange Trendline - Major UP Trendline
The White Trendline - Secondary DOWN Trendline
The Yellow...
The disruption of tanker supplies to customers should boost prices of commodities and declining natural gas prices, the feed stock for methanol, will widen profit margins of companies like Methanex. The stock also has a dividend yield.
Hi, today we are going to talk about Methanex Corp and its current landscape.
Methanex Corp is the largest producer and supplier of methanol worldwide that has an exciting landscape ahead, as the demand of China it's likely to continue to grow, combined with the cheaper Natural Gas which makes methanol more price competitive, and the most recent China endeavor on...
Look for a possible breakout to the upside on $MEOH in the near-term. Next resistance is approximately 5% away. Earnings are tomorrow so proceed with caution.
Methanex is in a strong monthly uptrend but recently dipped oversold on the daily time-frame and flashed a buy signal. Adding to the bullishness, the recent daily range-expansion sell bar on 1/16 failed to meet its downside target. The chemical company has a FCF yield of 12%+, and the stop level is 1.5x daily ATR.
If you're interested in the methodology used...
