[Premium] Trade Of The Week

JC Parets
April 10, 2021

This week we're looking at a long setup in the Chemicals sector. When more analysis processes point in the same direction, that direction becomes hard to ignore.

We have one such stock for this week's actionable idea.

SRF has been on our radar for quite some time. The stock has taken its time in breaching its overhead resistance, but now that we have a weekly close, the signal becomes stronger. The indicator is moving back into bullish momentum territory and the stock will benefit from the ongoing positive move in the Chemicals space.

On a relative basis too, SRF is one of the strongest stocks in this space.

We are bullish above the risk management level of 5,950 with a target near 9,545.

Click on chart to enlarge view.

Chemicals have been performing well and SRF is one of the strongest names in this sector at present. You can check out our other ideas from the same space here.

Thanks for reading and please let us know if you have any questions.

And if you're a Premium Member, be sure to check out our other weekly post, "Three Charts For The Week Ahead."

Allstarcharts Team

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