Huntsman is up 6.25% since we bought it last week making this the 4th week in a row where we’ve seen a green candle. I’d stay in the stock if the volume was increasing but it looks to me like the stock may pull back from the short-term resistance before making a move to break out into new highs. It’s not such a bad idea to take profits on this one and wait for the next buy signal to get back in. This is a stock we can trade for a while as it moves within the trading channel.
The video I’ve produced for you will explain more about the channel trading strategy I have in mine so make sure you review all of the material before you committ yourself to the next trade in HUN.
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