Another flag/wedge. Maybe it needs couple days to go. Another thing - earnings report is soon, so for now I'll keep in on my watchlist and see what happens.
Bought half size this afternoon as SN cleared a recent consolidation pivot after gapping up this morning. In a better environment, I'd have bought in full size today, but I'll look to hold and buy more if / when the stock reaches its debut-day high of $52.90 and the environment improves. Reasons for entry are simple... stock gapped up on earnings, pulled in and...
Tuesday 3.14.23 Review : We were looking for possible lower continuation but market had other plans, as we noted IF 3892-87 holds and we can get over 3932-27 we can see a push into upper Supply area, I didnt see it pushing that much in but what we did is we took it, held over it and then rejected from next Key area which was even better. If long to supply was...
But unfortunately, the upward trend will continue. Soon we will see the price crossing this resistance level. The bullishness of this chart is clearly seen in the words of the Federal Reserve Chairman. Of course, these are just my personal opinions.
With Energy and Oil starting to move higher. SN looks like a buy to me. Getting in at $0.43. All significant MA's are looking positive.
This stock definitely has been on a consistent down trend, and on the 5 year chart has been trending relatively sideways as of late, however - we recently hit a 52 week low of around 2.70, and are now seeing a rebound off of that. based on a decent amount of time watching this stock and giving it my best effort to understand SN - my hypothesis is that we will see...