When Eastman Chemical (EMN) Moves Investors should Listen

Longer Term Trading Plans for EMN
  • Buy EMN slightly over 76.58 target 88.19 stop loss @ 76.36 Details
  • The technical summary data tells us to buy EMN near 76.58 with an upside target of 88.19. This data also tells us to set a stop loss @ 76.36 to protect against excessive loss in case the stock begins to move against the trade. 76.58 is the first level of support below 76.79 , and by rule, any test of support is a buy signal. In this case, support 76.58 would be being tested, so a buy signal would exist.

  • Short EMN slightly under 88.19, target 76.58, stop loss @ 88.44 Details
  • The technical summary data is suggesting a short of EMN as it gets near 88.19 with a downside target of 76.58. We should have a stop loss in place at 88.44though. 88.19 is the first level of resistance above 76.79, and by rule, any test of resistance is a short signal. In this case, if resistance 88.19 is being tested, so a short signal would exist.

Swing Trading Plans for EMN
  • Buy EMN slightly over 88.19, target 99.69, Stop Loss @ 87.94 Details
  • If 88.19 begins to break higher, the technical summary data tells us to buy EMN just slightly over 88.19, with an upside target of 99.69. The data also tells us to set a stop loss @ 87.94 in case the stock turns against the trade. 88.19 is the first level of resistance above 76.79, and by rule, any break above resistance is a buy signal. In this case, 88.19, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short EMN slightly near 88.19, target 76.58, Stop Loss @ 88.44. Details
  • The technical summary data is suggesting a short of EMN if it tests 88.19 with a downside target of 76.58. We should have a stop loss in place at 88.44 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 88.19, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for EMN
  • Buy EMN slightly over 88.19, target 99.69, Stop Loss @ 87.98 Details
  • If 88.19 begins to break higher, the technical summary data tells us to buy EMN just slightly over 88.19, with an upside target of 99.69. The data also tells us to set a stop loss @ 87.98 in case the stock turns against the trade. 88.19 is the first level of resistance above 76.79, and by rule, any break above resistance is a buy signal. In this case, 88.19, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short EMN slightly near 88.19, target 76.58, Stop Loss @ 88.4. Details
  • The technical summary data is suggesting a short of EMN if it tests 88.19 with a downside target of 76.58. We should have a stop loss in place at 88.4 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 88.19, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

EMN Ratings for October 04:

Term →Near Mid Long
Rating Strong Weak Weak
P1 0 0 76.58
P2 72.12 67.52 88.19
P3 74.70 72.25 99.69
Triggers may have already come
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Price Based + Macro = Get an Edge on the Competition
  • Price matters most to making good timing decisions, and the MACRO picture defines how restrictive you need to be with entry levels. Together, these are powerful.

  • Review our Global Liquidity Report from December 2021 to see how our Macro work can foretell future market conditions. Look for the word “Volatility.”

Our Market Crash Leading Indicator is Evitar Corte.
  • Evitar Corte warned of market crash risk four times since 2000.

  • Using the FOMCs Monetary Policy as a key variable in the quant.

  • It identified the Internet Debacle before it happened.

  • It identified the Credit Crisis before it happened.

  • It also offered a warning prior to that period of time in 2019 when overnight lending spiked to 8.5%, but that amounted to nothing, and the conditions to become exposed resurfaced in Oct-Nov 2019.

  • It identified the Corona Crash too, and protected investors from 21% of that loss.

  • See what Evitar Corte is Saying Now.

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Chart of EMN with Longer Term Pivots

Blue = Current Price
Red= Resistance
Green = Support


EMN Long Term Analysis for October 4 2022

How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Eastman Chemical (NYSE: EMN) report below is a real world example. Included are trading plans for EMN, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports

Graph of Evitar Corte vs S&P 500

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