Scomimr (Scomi Marine) - Pullback Swing Trade?
Tuesday, July 17, 2007
Scomimr Daily Chart
On the daily chart showing that Scomimr is in uptrend mode which is trading above it's trendline since March 2007. An uptrend is a series of higher highs and higher lows. Scomimr make a correction after making a new high a few days ago with a high volume. The technical indicator RSI just get-out from the overbought area which will be potential for pullback swing trade opportunity. The decreasing volume on the pullback may tell us that price will continue uptrend. Let's see what will happen...
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