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.