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After blogging about Olin Corp. (OLN), a specialty chemical maker yesterday and citing its above average volume breakout today we see another specialty chemical maker Methanex Corp. (MEOH) scoring a new FusionIQ breakout as it surged 5.81 % yesterday on over 3.39 times its 21-day average volume.
With a point and figure target of $ 52.00 MEOH offers an ample upside target and a good risk reward trade-off if an appropriate stop loss is chosen.
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