Koppers Holdings Inc

Stage 3 blow-off top at the 52-week highs under overbought conditions signals a terminal phase. A red reversal candle confirms rejection at key resistance, justifying a bearish medium-term stance despite underlying long-term strength. Sell into the resistance zone near the mid-July peak and watch for a sustained close above that high to invalidate the bearish setup.

• ↑Q2 2026 revenue $520M (+3% YoY) driven by performance chemicals & utility poles
• ↑Record H1 operating cash flow $96M vs $28M LY supports $300M+ FCF through 2028
• ↓Coal tar prices +12% YoY and +15% sequential, pressuring adjusted EBITDA margin (13.7%)