SIEN at key resistance
SIEN has had an amazing run despite negative earnings and is currently showing weakness/indecision at a key level of resistance. Switching to the weekly chart shows nicely where price has tested this level before. The last time it was above it and then came below this level price crashed HARD!
I am bearish on this one... This could mean the momentum is drying out but we all know that shorts can also get trapped! Stay safe out there ;)
I am bearish on this one... This could mean the momentum is drying out but we all know that shorts can also get trapped! Stay safe out there ;)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.