Although the name might not be familiar to many, it represents quite attractive risk-return ration. This is a boring business that has been under pressure for quite some time: an agriculture special chemicals producer which face a number macro and competition issues.

This story both technically oversold and many fears are behind business-wise (a number of events reduced many risks).

My count shows that multi year correction is over. Coming weeks might have a choppy sideways price action and the I expect a reversal.

SL for this count is at 9.85.

Alternative count in which I have less confidence assumes a triangle and another leg down to new ATL but I believe this is less likely. This count is not shown here to keep readability.