STYRENIX
- Previous long term up-moves in the stock peaked out at the 161.8% FR level after clearing their previous all-time highs.
- However, this time, price is decisively trading above the 161.8% FR level. Long term up-sloping trendline has also been cleared.
- Hence the on-going up-move is expected to continue.
- Bullish outlook would remain valid as long as price is above 2300.
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