Rayonier Advanced Materials Inc

After a solid stage 2 advance, price has pulled back sharply into key intermediate structure near the 50 EMA, showing bearish short-term timing but underlying bullish regime. Execution is deferred, stalking for a pullback into the confluence support zone for a mean-reversion entry.

• ↑Q2 sales rose 11% YoY and 18% sequentially to $376M.
• ↑Adjusted EBITDA jumped to $40M from $8M last quarter.
• ↓Témiscaming mill shutdown led to $27M Q2 operating loss.