Long
Sonic may be repeating its last uptrend.
On a daily chart, the stock gapped up above the 50ma and is slowly reaching a log trendline that is in synchrony with the 50ma. This is a bullish pattern that has proven itself many times before and offers solid buypoints. Im waiting for the price to get closer to the 50ma and trendline for a possible entry.
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.
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.