Chemours Company shortIncredible head-and-shoulders setup on this company... Just now starting to break below long-term support (neckline)... Would not at all be surprised to see this stock cut in half over the next few quarters.
CC trade ideas
YEARLY SHOOTING STAR - CLEAR SKYS Semi Conductors are the news... why not the chemical's?
The Chemours Company (CC) is a global leader in the production of specialty chemicals, serving a wide range of industries including automotive, electronics, and construction.
ATH $58
Hard Off with loads of Hungry bulls
Currently in the golden pocket with a higher low on the 3 Month
watch retest of $26.70 (if breaks load the boat at $21 Average Down)
Next levels
- 39
-44.79
-58
$CC / LongScan Criteria
Does this stock meet my custom 12 point scan criteria? Yes, came through on my 40/40 Earnings Scans
Structural Checklist
1. Can a proven price patterns be identified? Yes, Cheat
2. Is the 50D SMA trending up? Yes
3. Has price moved >20% since its last consolidation? Yes
4. Is the weekly RS above its Zero Line? Yes and printing new 10 Week RS Highs
5. Does price action suggest the stock is consolidating / digesting the recent price move? Yes
6. Is the price consolidation longer > 20 days? No
7. Has price volatility contracted from left to right? Yes
8. Has volume volatility contracted from left to right? Yes
9. Are there visible signs of demand within the base? Yes
10. Are there visible signs supply has been absorbed? Yes
Pivot Buy Point (Last 3 Bars)
1. Is there a visible Tight Zone? Yes
2. Have there been 3 Tight Closes? Yes
3. Has there been a Constructive 3 Bar Correction? No
4. Is there a Bullish Inside Bar? No
AND
1. Has volume dropped dramatically? 3x blue dots in the last 4 bars
2. Can risk be managed under 8% in one of 3 ways? Yes
Scan Score (Minimum 12/12)
All Trading Dirty stocks have a Scan Score of 11
Structural Score (Minimum 7/10) 9
Entry Score (Minimum 1/4 then 2/2) 4
CC sitting on support. Back to 29.50We are right on a support at 27.50 with this ticker. 6 straight red days yet I can't find any negative news. RSI looking oversold. Look at those volume candles the past 5 days! Eventually the sellers are all dried up and all that is left is buyers like me.
Profitable company with 70%+ institutional ownership. I feel safe taking a swing here. Better chance this fills the gap up than breaks down further in the short term. I will be keeping a CLOSE stop in case a break down does happen. If 27.50 doesn't hold this could begin to trend towards the next support @ 23.50
THE CHEMOURS COMPANY ChartHello traders, THE CHEMOURS COMPANY is in a fake bearish trend with a sell volume return issued and a kind of hammer candle. Looking at the TIMEFRAME M1 we see a marubozu with higher purchase volume than sales it starts on the last previous sound lower. And make a reversal it goes on the VWAP to break it in force and come on the top of the range. There is a great chance of breaking out the price. Then subsequently tidies it up to join for a second and interfere with the top that comes (View MULTIFRAME H4 and H1). With coming directly to breakout the range again to come before possible test of the top of the bullish channel.
Please LIKE & FOLLOW, thank you!
CC on an upward trend in an upward SectorI would like to see this stock (CC) go past the alert and continue onward.
Once it passes the alert I will put a buy order into paper trading.
I must also realize that the market is very tenuous right now and because of this it may take a few days or longer to reach its potential. But if the principles Hold up it should continue upward.
MEAN REVERSAL LONG IDEA9/Sep/2019 09:52 AM
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Idea only, no position. Has been a very weak name, no reason to be long unless a fundamental narrative supporting the technical setup.
Targets based on fibs.
Take it level by level. If RSI can get above and hold the 50 level would be very constructive.
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A company with potential turnaroundThis is a DuPont spin off. This year they announced large increase in Profit (700mln) and a new product of Freon with ultra low environment impact + already signed agreement with large Air-cond company.
Technicals:
Crossed the Downtrend channel
Crossed the 50 SMA
Increased average Volume
Market:
Equities are recovering after panic sell off in Dezember.
