SEE Forms Short-Term Rounding Top to Sheer Cliff

Sealed Air Corporation (NYSE:SEE)

NYSE:SEE Sealed Air Corporation

Candlestick Analysis Chart Patterns Beyond Technical Analysis SEE roundingtop sheercliff collapse priceaction risingprices gapup Support and Resistance largerlots

candlestick chartpattern beyondta see roundingtop sheercliff collapse priceaction risingprices gapup supportandresistance largerlots

SEE has one of the harder tops to identify before the collapse called a Sheer Cliff. The rounding price action occurs because larger lots are carefully selling into rising prices. The Sheer Cliff occurs when buyers disappear. The stock is holding at the gap up support level.

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Martha Stokes, CMT
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