Archean Chemicals - Channel Bottom
An interesting new IPO listing..one of the few recent IPO's that did well...additionally one of the few chemical co's which survived the carnage..
An interesting co as a market leader in Bromine and Industrial salts..one of the lowest cost produces but also one which is relative more green while producing than competition. Good forward outlook + expansion after 9-12 months.
At the upward channel bottom..long at current prices with a stop loss below 600 (50EMA).
An interesting co as a market leader in Bromine and Industrial salts..one of the lowest cost produces but also one which is relative more green while producing than competition. Good forward outlook + expansion after 9-12 months.
At the upward channel bottom..long at current prices with a stop loss below 600 (50EMA).
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