Long Sumi Chem @231

SumiChem has recovered smartly from the lows after the coronavirus meltdown. The stock has been going sideways for some time, we have added the stock to our portfolio at 230-235 levels.

The stock is 15% away from its 52 weeks high, it's a good sign. We will look for price strength and add more to our position strategically.

if the earnings surprise comes, it will propel the stock higher. will keep you guys posted
Trade active: I will be adding to my longs 2x around 280-285. The stock has been acting pretty well.
Trade active: Scaling new highs every day. Sumichem is now 13 % of my total portfolio. i will wait for a base building and add to my position if it keeps showing good strength


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