SembMarine: Trend Reversal
SembMarine stock price is reversing after a Bearish Kicker candlestick pattern has been formed at 61.8% Fibonacci Resistance. Immediate support is at $3.65, followed by 20D MA at about $3.50 and $3.365 (50% FR).
SembMarine stock price is reversing after a Bearish Kicker candlestick pattern has been formed at 61.8% Fibonacci Resistance. Immediate support is at $3.65, followed by 20D MA at about $3.50 and $3.365 (50% FR).
Agrium has been showing nice & reliable candlestick patterns to trade. Some far the candlesticks patterns have been realiable to predict the future price movement. So far, a few reliable trend reversal patterns like Morning Star, Evening Star, Bearish Kicker were seen. A Dark Cloud Cover pattern was formed on Nov 23 closing, this is another trend reversal pattern. By looking at the chart, AGU bounced back from the resistance of $57.69 and due to pulling back from its recent up trend. I am planning for a PUT option for AGU.