SeaChange International Inc (SEAC)

[stocktrademan]

I think it is making a short term top and then will continue lower.

Here are some screen captures of the chart now that do not update, with the links to them that do update for later comparison and watching.

The weekly chart is bearish right now.



https://www.barchart.com/stocks/quotes/seac/technical-chart#/technical-chart?plot=BAR&volume=total&data=WO&density=X&pricesOn=1&asPctChange=0&logscale=0&indicators=TREND&sym=SEAC&grid=1&height=500&studyheight=100


The daily chart is bullish but it follows the weekly so this is making a top to continue lower. It's that simple and straightforward. The trend is a chart that is 5x the chart period being traded with. So if trading on the 1hr chart the trend is daily for example. But in this case I am looking at the daily, so the weekly chart is my trend.



https://www.barchart.com/stocks/quotes/seac/technical-chart#/technical-chart?plot=BAR&volume=total&data=DO&density=X&pricesOn=1&asPctChange=0&logscale=0&indicators=TREND&sym=SEAC&grid=1&height=500&studyheight=100


The chart is making shooting star candlesticks at a resistance level, also known as topping tails...sorry wish I had better news...wouldn't consider buying it until the weekly chart above went bullish



Maybe later it will be a good bullish buy but for now I would just watch the chart to wait and see. Let the market prove it is ready to be bought don't anticipate or chase the price is the way I look at it....All in my opinion, we all do our own due diligence before trading anything of course, this should give some things to consider...no position right now...good luck!