US Stock In Play: $SDGR (Schrodinger Inc)

16 Ara 2020

SDGR recovered from its low range support with a confirmation of Bullish Reversal Hammer Candlestick on 12th November 2020, also trading above its 50DMA in 4 months. The subsequent rally have also played out a Bullish Double Bottom chart pattern breakout on 23rd November 2020, defining a mid term trend channel during the run up.

At the current junction, Schrodinger Inc closing of $74.26 this morning signify a immediate challenge towards breaking its current week’s minor resistance at $75.25, targeting a rally towards $80 which coincide with the upper trendline resistance; along with a bearish runaway gap resistance window that happened on 24th July 2020.