daily chart analysis for SUMICHEM
Stock analysis for SUMITOMO CHEMICAL IND LTD
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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 then it may go more up side
if price breakdown the lower trend line then rsi trend line will also break then will consider it more fresh selling and fall in price
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 then it may go more up side
if price breakdown the lower trend line then rsi trend line will also break then will consider it more fresh selling and fall in price
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