…Potent Price Action Places Them on Watch
The following is just a small excerpt from my latest Weekly Strategy Session (please click on that hyperlink for details about trying it out). which I published for members and 12631 subscribers this past Sunday.
The price action in quite a few chemicals last week compels us to stalk them for a sustained capital rotation. In addition to impressive moves last week, the overall chart structures in several names render them noteworthy.
First, ROC is sporting a long, tight weekly chart base breakout attempt. Also note the uptick in buy volume last week to accompany the breakout. I would be stalking this name long on benign consolidations.
A more actionable idea headed into Monday would be HUN, on strength over Friday’s highs of $23.49 to break higher from the outlined daily chart long, tight consolidation.
Other names of note in the chemical space to have on watch for long ideas: OLN AXLL SCL.
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