OLN trade ideas
Olin Corp Bullish Break $olnaverage ANALYSTS PRICE TARGET $17
Olin Corp. engages in manufacturing of chemicals products. It operates through the following segments: Chlor Alkali Products and Vinyls, Epoxy, and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide. . The Epoxy segment produces and sells epoxy materials, which includes allyl chloride, epichlorohydrin, liquid epoxy resins and downstream products such as converted epoxy resins and additives. The Winchester segment produces and sells sporting ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges. The company was founded by Franklin W. Olin in 1892 and is headquartered in Clayton, MO.
OLIN CORP | Supply and Demand zones | Long setupNote: Stock trading requires a personalized trading strategy:
*A method that specifies the type and amount of patience
*A method that will notify you of entry and exit points based on the specified rules
*Your customized psychology plan
*Risk management program based on your personality
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Trading Rules:
THERE IS NOTHING NEW IN WALL STREET. THERE CAN’T BE BECAUSE SPECULATION IS AS OLD AS THE HILLS. WHATEVER HAPPENS IN THE STOCK MARKET TODAY HAS HAPPENED BEFORE AND WILL HAPPEN AGAIN
Because the stock market is made up of all of the traders, those are the people that make the stock market. And human nature doesn’t change that much over time.
Off course there will be different circumstances in todays market then there were almost hundred years ago.
But the way people react to changes in the stock market will never change.
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Potential Long Position in OLNExtremely low-risk area for long positions, first profit taking area is at $24, then $29
OLN: Long opportunityAn intraday high potential, Back Tested Long Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
OLN buy.. Testing this out, wanna see if it works out!
Seems to be a bullish butterfly
This is a gun/ammo corporation!
OLN UPSIDE BREAK-OUT PART 2: CIRCLE THE WAGONS !This is part two of the OLN chart presented two days ago. As a disclosure I am long OLN. CIRCLE THE WAGONS and use Fibonacci cycles in conjunction with your indicators.
Let's review Don's TRADE-MAP approach:
TRADE = 1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
.....MAP = 6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance.
When I mention "Don's Top Ten Technicals", I use the elements of the "TRADE-MAP" approach: SINCE mid December, 2015 IN THE CHART OF OLN:
1. The Ichimoku Cloud has stopped declining. 2. Prices have EXPLODED above the cloud. 3. Prices are trading above the thick red Ichimoku Cloud Conversion line. 4. The thick red conversion line is also rising. 5. The thick black line is the Ki jun-Sen baseline of the Ichimoku Cloud , which is rising and above the cloud. 6. The indicator on the top of the page is RSI / Stochastic , and this is strong. 7. The top middle indicator is vortex and it is strong (green over red). 8. The Top (bar-type) indicator measures the "phase energy" of the stock , and this is EXTREMELY STRONG. 9. The green fractal arrows are up (not shown). 10. Look to the far right on the chart, around $20.00. You will note a yellowish line on top (lips), with black dots below (teeth), and a blue line (jaw) below the black dots. Now, all three are rising, correct? This is where I ask you to use your imagination and envision these three items as the "separated jaws of a feeding alligator". This is a positive indication because the alligator is FEEDING in the uptrend.
FIBONACCI TIME AND SPACE: Please note that the vertical Fibonacci lines were coincident WITH EVERY PHASE ENERGY REVERSAL, UP AND DOWN.
Look at Circle Fib 1.618 at November 16, 2015. Do you see that the price action followed this circle!
I HAVE PLACED FIVE NUMBERED ARROWS ON THE CHART FOR YOUR VIEWING. Arrow 1 indicated Fib Circle 1.618 when the price REVERSED. Look above Arrow 1 at the falling phase energy bars. This is warning you of the reversal. Arrow 2 shows you Fibonacci Circle 1.272 AT THE REVERSAL OF THE CLOUD CONVERSION LINE. The phase energy bars did a negative cross-over of the zero line. THE ALLIGATOR WOKE UP AND FED IN THE NEW DOWN-TREND. Arrow 3 intersected vertical Fibonacci 3 (mid-Feb, 2016). The price action followed this circle UP. Also, look to the phase energy bars, which were reversing to the up-side. At Arrow 4 the price action was still following Circle Fib 1.272 AS IT WAS BREAKING OUT TO THE UP-SIDE. THE JAWS OF THE ALLIGATOR OPENED WIDE AND AN UPSIDE BREAKOUT BEGAN. Arrow 5 and vertical Fibonacci 5 (April, 2016) show you that all cylinders are clicking to the upside.
Take the time and CIRCLE THE WAGONS. Fibonacci time cycles help you to be made aware of likely event dates.
Today I will close with a quote from Sir Paul McCartney: “Somebody said to me, ‘But the Beatles were anti-materialistic.’ That’s a huge myth. John and I literally used to sit down and say, ‘Now, let’s write a swimming pool.'
I hope this has been entertaining, helpful, and informative. May all of your trades go well.
OLN REVERSAL? EVIDENCE SUGGESTS YES.There was a sharp down-trend in OLN from December 7th, 2015 to the market bottom in mid February 2016.
Look to the far right on the chart, around $18.00 (follow the large red arrows). You will note a yellowish line on top (lips), with black dots below (teeth), and a blue line (jaw) below the black dots. Now, all three are rising, correct? This is where I ask you to use your imagination and envision these three items as the "separated jaws of a feeding alligator". This is a positive indication because the alligator is FEEDING in the uptrend.
I added a regression trend-line starting mid-February, 2016. A regression line is a "fit" which takes your data and predicts the direction. This is set at two sigma, or 95% of the trading action. As you can see, the trend has reversed and is UP.
Prices are trading above the thick red Ichimoku Cloud Conversion line. The thick red conversion line is also rising. The thick black line is the Ki jun-Sen baseline of the Ichimoku Cloud, which is rising and above the cloud. The indicator on the top of the page is RSI / Stochastic , and this is very strong.
The top middle indicator is vortex and it is VERY strong (green over red). The Top (bar-type) indicator measures the "phase energy" of the stock, and this has turned EXTREMELY positive. I have purchased this stock.
I will close with a quote from my old math teacher, who said I would use this line many times in my career: "You want fries with that?"
I hope this has been informative, helpful, and entertaining. May all of your trades go well. Don.
OLN Buy Low, Sell HighGoing bullish with an entry at 17.87 and a stop at 15.72.
This Trade has a 3:1 Reward:Risk ratio. My stop is placed at a old support and belows the 50 EMA.
I have no idea why this stock is down so much but according to a teamate of mine Mr. Brad "the Dad" Reed it has paid a dividend every quarter for 23 years! Buy this low, keep your stop in place and follow it up while getting a solid dividend
***Note***
There is massive upside potential. If anyone knows why this stock has been beat so badly email or send me articles.
