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Support at 1.60 looks steady enough but need to watch if the volume can sustain this rebound. Better wait for confirmation before going all in since market sentiment still quite shaky.
Most people are just holding tight waiting for the quarterly report to see if the numbers can actually justify the recent price action. If the earnings reveal no major catalyst then expect the stock to just drift sideways for a while longer.
Pricing power is legit because they can just pass the resin cost to customers without blinking an eye. Their margins are pretty much secured regardless of how expensive raw materials get
Better manage your expectations properly since hitting 2.00s is a very long shot given the way the price is moving right now, but is still possible just not so soon
