STYRENIX
- Previous long term up-moves in the stock peaked out at the 161.8% FR level after clearing their previous all-time highs.
- However, this time, price is decisively trading above the 161.8% FR level. Long term up-sloping trendline has also been cleared.
- Hence the on-going up-move is expected to continue.
- Bullish outlook would remain valid as long as price is above 2300.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.