[Premium] Trade Of The Week

JC Parets
August 2, 2021

Today we're going to take a look at a long setup in the Chemicals space. This stock has broken out of a big base, and is demanding attention!

Let's take a look at this name.

GHCL has broken out of a big four-year base, with the close in the week gone by. While other chemical stocks have been performing well for a while now, GHCL has joined the bandwagon and seems ready for the next leg of the rally.

The indicator is placed comfortably in the bullish regime and is adding strength to the narration.

With this base breakout, we are positive above the risk management level of 357. The target to track would be 535.

GHCL is now making a dash towards new highs, and the indicator, as well as the sector, are supportive of this move.

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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