Bullish Divergence & Break out on Daily charts for Sumitomo Chem
Updated
Sumitomo Chemicals seems to be giving a BO on daily charts, volumes are decent, RSO is close to 60. The RSI has given bullish divergence, this can be confirmed with the BO given today of the falling trendline with decent volumes.
Disc : Invested, not a reco to buy or sell.
Disc : Invested, not a reco to buy or sell.
Note
Good follow up buying seen with reasonable volume, RSI also seems to be giving BO from previous High. Disc : Invested, not a reco to buy or sell.Note
Reverse from resistance at 397 & taken support at BO restest of 379, looking good so far.
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