Huntsman Corporation (NYSE: HUN) gapped up again this morning, but ultimately closed in the red for the first time in five trading sessions. The upward momentum weakened significantly by mid-morning, triggering a stop order and the sale of all my shares at $3.59/$3.60.
The indicators and candlestick patterns have been weak for the duration of the run. However, Huntsman, until today, continued to set higher highs and higher lows, which has been the base of my trading strategy and kept me from locking in gains earlier. As soon as HUN dropped below the low of yesterday's session though, I cashed out. The high and low in today's session were both lower than yesterday's session.
I remain optimistic about Hunstman Corporation in the near future as the company remains under-valued. For now, however, I am out of HUN until at least after the holidays.
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The indicators and candlestick patterns have been weak for the duration of the run. However, Huntsman, until today, continued to set higher highs and higher lows, which has been the base of my trading strategy and kept me from locking in gains earlier. As soon as HUN dropped below the low of yesterday's session though, I cashed out. The high and low in today's session were both lower than yesterday's session.
I remain optimistic about Hunstman Corporation in the near future as the company remains under-valued. For now, however, I am out of HUN until at least after the holidays.
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