Elementis - A break above 167.9p and it will be in its element.Buy Elementis (ELM.L)
Elementis plc is a United Kingdom-based specialty chemicals company. The Company operates through two segments: Specialty Products and Chromium. The Specialty Products segment provides functional additives to the coatings, personal care and energy markets.
Market Cap: £895Million
The bearish momentum in Elementis appears to have slowed in recent weeks. It’s an early call, but I think a bottom pattern could be about to complete. The shares posted an impressive turnaround from the lows in yesterday's session to form a large hammer candle. A break of resistance at 167.9p should get things going on the upside. The medium-term target is up at 209p.
Stop: 139.6p
Target 1: 175p
Target 2: 198p
Target 3: 209p
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Chemicals
FMC BUYBUY signal at 79.92$.
Timeframe - 1 week.
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium.
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Chemical Industry Collapse - BASF Is The BellweatherMacro
German industry in freefall - ESI Lower & PMIs lower.
Consumer confidence lower, the chemical industry relies heavily on consumer products.
China PMIs lower again.
Micro
60% of sales are based in China/Europe new orders slowing
"In China, the world’s largest automotive market, the decrease was more than twice as high, at around 13%."
Profit warning 30% revision.
The strategy has been to move into Asian markets but they are all contracting.
If the share price is higher than December 2018 and Germany is going into recession, how is the current price justified?
"Basf predicts a slower year For 2019, we expect the global economy to continue to grow at a
slightly slower pace than in the previous year. "
ALB BUY 03.09.2019BUY signal at 61.73
Albemarle Corporation is a global developer, manufacturer and marketer of highly-engineered specialty chemicals. The Company operates through three segments: Lithium and Advanced Materials, Bromine Specialties and Refining Solutions. It is one of the biggest Lithium mining company in the world.
If you want to see more history of this strategy, I will able to show you if you request me.
__________________________________________________________________________
You can use the signals independently or like indicator of trends together with other indicators in your trading strategy.
Know that the success of your strategy that based on those signals depends from your money management and the additional conditions that you make in these strategies.
You use these signals inside your strategies at your own risk.
The chart shows the last trades on the product + the last signal.
With Current Market Volatility, Where is Sasol Headed?Sasol is an international integrated chemicals and energy company that leverages technologies and expertise of over 30 000 people working in 33 countries. Sasol develops and commercialises technologies as well as build and operate world-scale facilities to produce a range of high-value product streams, including liquid fuels, chemicals and low-carbon electricity.
Weekly: Coming off a perfect 78.6% Fib retracement level, I expect to see more downside ultimately breaking the lows at 35,000. I have a target level of 30,000 to 29,000 where I will be looking for signs of a reversal. The long entry from there should be a great trade!
Daily: The daily structure will complete in either 3 or 5 waves and I expect it to reach the targets as indicated above. There may be one or two interim pullbacks which will form this structure but as things stand now, I will only be looking to trade the shorts until we break the lows around the 35,000 mark.
CEX: $670 Price TargetFor the Chemicals index, I believe within this quarter that it should reach $670 as a price point. The overall correlation have been positive. The market has been full of upswings and the DOW Jones as well as Stock Indexes are all seemingly strong. Also the stock rally of many of those chemical based companies are expected to go up given the demands of synthetic materials. This is especially true in the semi-conductor, herbicides, and petrol engineering related fields. Also, both the rise of pharmaceuticals and alternatives will either way bring positive correlation to most major Chemical players on the stock exchanges whether directly or indirectly related.
2017 to be a good year for Johnson Matthey?We are a fan of Johnson Matthey over the long term. The recent correction looks to be a great chance to buy the FTSE100 chemicals company. The shares have formed a channel on the weekly charts and also found support on a relative basis versus the index. There is big resistance at 3575p, which if overcome could open up the upside towards 4000p and beyond. The long term uptrend suggest that new highs will be seen at some stage, a weekly close above 3120p and we will expect to see 3575p before too long.