SumiChem Closing above 281 for LongSumichem is give good breakout above 281 which is important daily on weekly closing basis. for good up move of 30 - 50 points.
SUMICHEM trade ideas
Long SumitomoSumitomo entered in new terretory with massive volume
when market is closed in red, it showed strength.
Some big player already in.
Plan ur trade with SL.
Long Sumi ChemicalSumichem has been showing good price strength. I've taken a pilot position at 234 and 248. awaiting results to add to my positions, if they are good
Long Sumi Chem @231 SumiChem has recovered smartly from the lows after the coronavirus meltdown. The stock has been going sideways for some time, we have added the stock to our portfolio at 230-235 levels.
The stock is 15% away from its 52 weeks high, it's a good sign. We will look for price strength and add more to our position strategically.
if the earnings surprise comes, it will propel the stock higher. will keep you guys posted
