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Benzinga
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Celanese Stock: What Sparked The Collapse?

1. Celanese stock fell 78% from $170 to $45 since April 2024. 2. The Adhishthana cycle indicates a structural breakdown rather than market overreaction. 3. Cakra breakdown suggests sustained bearish trends for Celanese's stock. 4. Small rallies may occur, but they are unlikely to be sustainable. 5. Long-term trend remains bearish; value play reasoning may be premature.

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FAQ

Why Very Bearish?

CE’s significant price decline aligns with structural weaknesses. Similar past breakdowns often led to prolonged downturns.

How important is it?

The article provides essential insights into underlying structural issues affecting CE’s long-term outlook.

Why Long Term?

The Adhishthana cycle indicates a multi-year bearish trend ahead for CE.

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