Stock analysis for SUMITOMO CHEMICAL IND LTD
keep watching add to watch list
price falling each time when touches to upper trend line
with conforming signal by RSI falling when it touch to 70
again price is testing upper trend line and RSI at 70 from here we can expect down side move in stock to lower trend line
if price successfully closes above upper trend line...
This post is just a personal idea and analysis should not be the criterion for buying or selling
It seems to be in the g-wave and based on confirmation from other currency pairs such as eurusd, which has a negative correlation with this currency pair and the euro is bullish, this currency pair will probably fall to the specified range in the long run.
It may form...
*NOT FINANCIAL ADVICE: DYOR - This idea is IMO for personal use only*
==========================
An update from my previous chart made on 10/April:
After a longer sideways action, we finally saw this turtle hugging my previous line which had been formed as support, but then became resistance. It then broke that resistance line from great volume, I would not be...
Study notes on the Babypips course. Based on this article:
www.babypips.com
Chart example: USD/ Swiss Franc
The Falling Wedge is a reversal/continuation signal, much like the Rising Wedge.
In this case:
- During an uptrend, this means momentum is cooling off a bit, but the price will continue to rise later.
- Can be formed at the bottom of a downtrend,...
