ONCE CROSSES 95.25 THE 5 DAYS MOVING AVERAGE EXPECT TO CROSS 20 DAYS MOVING AVERAGE AT 101 AND IF CHEMICAL SHARES RALLY FROM HERE IT CAN GO UPTO 111 THE 200 DAYS MOVING AVERAGE. AS CHEMICAL INDUSTRY IS WITNESSING POSITIVE SENTIMENTS DUE TO CLOSURE OF CHEMICAL UNIT SITUATED AT WUHAN CHINA.
This stock is showing positive signs and maybe ripe for trend reversal. It is currently sitting at it's major breakout level and may bounce to at least 271. If 275 is crossed we might have a big break for higher targets.
