SNDX shows signs of strong accumulation longer term. Overall really strong base on base action and getting close to a potential breakout.
Caution with all breakouts in this market - volatility has been significant around pivot areas, so the risk is much higher and probability is lower on shorter time frames.
While major indices are down 25-30%, this stock is near its all time highs and within a multi-year base - exactly what you want to see in this environment.
Caution with all breakouts in this market - volatility has been significant around pivot areas, so the risk is much higher and probability is lower on shorter time frames.
While major indices are down 25-30%, this stock is near its all time highs and within a multi-year base - exactly what you want to see in this environment.
Note
above 2021 congestion today and breaking out on the daily Note
SNDX is probably my favorite set-up going into 2023. Bigger picture want to see that 50 day MA hold. Looks like it could be ready to start the year strong.
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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.