Smart Sand, Inc.Long
Closely watching $SND for wedge break-out
Updated
First chart, not financial advice (Fixed formatting issue on previous post)
Price moving above the 12-period EMA on daily chart , looking to go long on a close above the wedge and possibly take profits at fibonacci resistance levels.
I added the previous rally's retracement levels to show where extra resistance lies.
Thoughts? Criticism?
Price moving above the 12-period EMA on daily chart , looking to go long on a close above the wedge and possibly take profits at fibonacci resistance levels.
I added the previous rally's retracement levels to show where extra resistance lies.
Thoughts? Criticism?
Note
Completed bounce from top of wedge. bearish mariposa candle suggest sideway movement through wedge and hopefully a double bottom and break towards $6 fib levelNote
Note
Still contained within a version of the original falling wedge, now added ichimoku cloud for additional indicators.In May the top of the cloud was almost broken, we are also looking for the green momentum line to cross over price.
Finally, the RSI sees a bullish hidden divergence indicating a possible reversal.
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.