My Technical Analysis Diary. . . . .Invest in stocks only after you have done your own Risk Management
Falling Wedge in SEAMEC . . .!
Breakout from falling wedge is a good bullish indication. This can be seen in the SEAMEC's chart given below. The volume support is also good during the breakout. In this type of pattern its difficult to predict the target. I have tried to predict the target using the older resistance line.From the above chart it seems that this stock is heading for 205.