Huntsman (HUN) - Head and Shoulders?Possible Head and Shoulders pattern with Neckline @ $24. A break would give readable targets @~ $14ish. This also coincides with trend channel.
Huntsman
#HUN Resistance turned Support and testing 50 dma.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 average in this potential support zone. If it holds; there is some nice upside in this stock.
Risk/Reward = 4
