On Wednesday, Sembmar broke the resistance at $4.36 and closed at $4.41 with HIGH volume of 23.9 million shares traded.
A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 7 rising windows in the last 50 candles–this makes the current rising window even more bullish.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.
RSI & MACD are bullish though RSI in overbought region.
Important Resistance of Sembmar: $4.53
Immediate Support of Sembmar: $4.36
Currently prices are resisted by 200 days MA at $4.53.
For the past 5 trading sessions, prices have been rally under very strong buying pressure.