Lets Zoom-in to our Weekly chart shared previously and see what's happening in Sequent Scientific.
As mentioned in our previous weekly view, a weekly close below 214 level may result in trend reversal (Downtrend) for this stock.
Now, what can we see on Daily chart?
1)Today's close took support around 214-215 zone.
2)Bullish RSI divergence can be seen. Where Price making LL & RSI making HH.
3)RSI on weekly support (Check on weekly chart).
5)Upside gap yet to be filled.
Indications are at positive side but at the same time maintain cautiousness around 214 zone.
Lets see how things unfolds!!
As mentioned in our previous weekly view, a weekly close below 214 level may result in trend reversal (Downtrend) for this stock.
Now, what can we see on Daily chart?
1)Today's close took support around 214-215 zone.
2)Bullish RSI divergence can be seen. Where Price making LL & RSI making HH.
3)RSI on weekly support (Check on weekly chart).
5)Upside gap yet to be filled.
Indications are at positive side but at the same time maintain cautiousness around 214 zone.
Lets see how things unfolds!!