Eastman Chemical Co

EMN has broken below its multi-touch support zone and key EMAs on rising volume, confirming a bearish medium-term bias; with price extended below moving averages and RSI in oversold territory, execution should be deferred until any relief rallies toward former support turn into resistance.

• ↑Q1 revenue rose 10% YoY to $2.8B, led by specialty materials.
• ↑Renew platform and methanolysis fuel sustainable revenue growth.
• ↓Rising energy and raw material costs compress gross margins.