Eastman Chemical $EMN Technical Update – Stock Traders Daily

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Eastman Chemical $EMN Technical Update

The Eastman Chemical (NYSE: EMN) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for EMN, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Weak Neutral Neutral
P1 96.21 92.46 94.46
P2 97.33 97.62 103.86
P3 98.86 102.58 113.62

Long Term Trading Plans for EMN

September 4, 2018, 2:00 pm ET

The Technical Summary and Trading Plans for EMN help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this EMN Report.

EMN – (Long) Support Plan

Buy over 94.46 target 103.86 stop loss @ 94.2.
The technical summary data tells us to buy EMN near 94.46 with an upside target of 103.86. This data also tells us to set a stop loss @ 94.2 to protect against excessive loss in case the stock begins to move against the trade. 94.46 is the first level of support below 96.47 , and by rule, any test of support is a buy signal. In this case, support 94.46 would be being tested, so a buy signal would exist.

EMN – (Short) Resistance Plan

Short under 103.86 target 94.46 stop loss @ 104.12.
The technical summary data is suggesting a short of EMN as it gets near 103.86 with a downside target of 94.46. We should have a stop loss in place at 104.12 though. 103.86 is the first level of resistance above 96.47, and by rule, any test of resistance is a short signal. In this case, if resistance 103.86 is being tested, so a short signal would exist.

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