#DIVISLAB.. 52 week high.. Is it time to sell now?

Check the chart for details..

Price likely to go down in short term

Indicators are suggesting selling and also stock is overpriced right now..

I will sell my long position If it closes below 4395 at daily levels with above average selling volumes

تعليق:

Seems like I was wrong about the immediate move on this stock..opened with a bang today...

Hence I always wait for close below certain levels before deciding to sell .. yes i may not sell at the top..yes i sometimes lose 3-5% of profits just because I decided to wait to determine the close...but there is also less risk of early selling and losing out on that further 10% upmove..

There is always something to learn..

However RSI is in oversold region so expect consolidation at least in the short term and keep an eye as this may be just a fake BO..