A key Double Bottom has formed on LYB. Analyze the breakout level now.
Reversal pattern after a downtrend.
LYB is showing interesting structural developments at $60.07. The stock is trading at $60.07, down 2.82% on the day. Algorithmically, a Double Bottom structure has completed. Volume is strong (1.59x avg) with moderate trend strength (42.6). A potential breakout level is identified at $74.51, targeting $89.79 with support near $66.87 (R:R 2.0).
What is your outlook on LYB?