The production of chemicals for industrial use doesn’t sound like a sexy business, but the stock of Methanex (MEOH) hasn’t exactly been a sleeper. To a peak in March, the stock climbed more than 125% from a breakout in early 2013. Now the stock is forming the right side of a cup-type base with a buy point at 73.53. The pattern features smooth contours and several weeks in which there’s evidence of institutional accumulation.