A descending triangle formed on HUN's hourly time frame. Looking for break lower as the weekly and daily charts are both bearish based on price trading below 50/200 MAs.
Bottomed out on support. Will run again above 32.60. Will bounce off of all time high and retest before making its next breakout. Bonus points: I think it will track along the yellow diagonal once it breaks past the downward gray diaganol.
HUN is breaking down an upward channel. Moneyflow declined very sharp & it some some insider selling as well. We think it will decline further & we would consider it as a momentum short from $23.93 * Trade Criteria * Date First Found- May 30, 2017 Pattern/Why- Upward channel breakdown short Entry Target Criteria- Break of $23.93 Exit Target Criteria- 1st...
HUN has been showing strong momentum recently but has pulled back sharply in the last couple trading sessions. Sellers should be exhausted at this level and i expect price to see some support here. Use a stop to control risk! Entry: $25.06 Stop: $24.48 Target 1: $27
Following the breakout from the reverse H&S pattern HUN has continued to work its way higher on the 4-hour chart and the latest consolidation patern over the past week or so at the far right side, could barely contain the stock's rising tendency. HUN is now poised to move to new highs provided the overall market remains cooperative.
Previously, I noted that HUN appeared to be forming a "reverse Head & Shoulders" pattern, with a neckline just below $16.50. The stock proceeded to break out above that neckline, supported by improving fundamentals in the company's Titanium Dioxide business. After a classic post-breakout pullback to the up-sloping trendline in September, and another nearly two...
$CC equity is up about 24% since it reported a big titanium dioxide pricing-based earnings beat. $HUN also is big in that market, though more diversified. Still, if that market is recovering strongly, That gives alot more confidence taht this H&S pattern is the real deal. And is that a handle forming over the past several days for a cup and handle as the closing...
the only problem is the over extended move on the last week
Sell the move here into the Neckline and cover on the expected pullback back to the rising support line. Daily chart so no rush!
BULLISH 50 EMA CROSSING 200 EMA + CL CROSS BL ABOVE KUMO TAZ ENTRIES EXPECTING SOME GOOD UPSWING
Late September 2015, #HUN gapped down through the 14 USD level. The stock has tested this level a couple of times and it acted as a strong resistance. In April 2015, #HUN bullishly breached resistance for the first time and now #HUN is dropping lower and testing back the key 14 USD level. Will it hold as support this time? Price is testing the 50 day moving...