NASDAQ:SONO has a lot of Island gaps and another just in the past few months. The compression of price into a sideways trend is a good pattern. Also, the black candle that drops below the consolidation and the white candle the next day is a pattern to pay attention to. This means there is some hidden accumulation from Dark Pools at this new higher level of...
Reasons for bullish bias: - Price broke last LH - Entry at Fib 0.382 level - Price broke the descending channel Entry Level(Buy limit): 17.79 Stop Loss Level: 14.82 Take Profit Level 1: 20.76
Could be a reversal of the whole advance, worth a shot here. Best of luck! Cheers, Ivan Labrie.
US CPI NUMBER TODAY - EXPECT EXTREME VOLATILITY Sonos Inc - Medium Term - We look to Buy a break of 18.33 (stop at 16.59) Price action looks to be forming a bottom. Broken out of the Head and Shoulders formation to the upside. Bespoke resistance is located at 18.28. A break of 18.28 is needed to confirm follow-through bullish momentum. Although the...
An idea showing a lower trend line that acts as a support also while acting as a double bottom, dotted trend line This is a bullish scenario for SONO Daily timeframe
This is a chart of the solar EV company Sono Motors (SEV). The company is headquartered in Germany and went IPO on the Nasdaq in 2021. This stock is presenting a decent risk-to-reward setup because it has been finding support within important Fibonacci convergence zones (yellow area). I created this Fibonacci convergence zone by using trend-based Fibonacci...
NASDAQ:SONO Possible Scenario: SHORT Evidence: Price Action, TP1: 23$ TP2: 19.15$ PUT options18th Feb, Strike 20$ *This is my idea and could be wrong 100%.
$SONO has a great short signal here, paired with a longer term down trend active, coming down from overbought readings in the daily timeframe, and below the most recent 'Key Earnings Level' from the 'Key Hidden Levels' suite of indicators developed by my mentor @timwest . A great setup considering possible implications and the state of affairs in the market these...
Possible bullish flag on weekly. Could grow to the 55-60 level in 3-4 months. Price: 32 Target: 60 Stop-loss: 27.50 Position: 5% of the capital Period: 3-4 months My speculation is that SONO could be acquired by one of the large players ( Meta, Microsoft).
It has maintained overperformance over the consumer discretionary sector (represented by XLY) but has lost some of its relative strength against it. It appears that the extra alpha and extreme overperformance is going to be back on SONO 's side based on the chart bottom chart where the relative strength is hitting a level that usually would result in a bounce...
SONO could be setting up for a possible symmetrical triangle breakout It seems that $40.80 will be a pivot price point I will add some alerts at that price, with targets at $42 and $44
$SONO Target 40.35 for 21.24% Or double position at 26.21 — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first...
Looking to see a run past $40 again for SONO. Much of the analysis presented in the graphs. So long as we do not get bond yield jitters, this stock should be able to move past the (lighter now) $40 resistance level since it crossed it several times even yesterday despite closing below $40 yesterday (02/25). I am very LONG ON Sonos. Own several hundred shares in...
NASDAQ:SONO Possible Scenario: LONG Evidence: Price Action This is my idea and could be wrong 100%
Looking to establish June 30 Call as SONO is breaking higher. The company might be an acquisition target and contender to exiting players like Apple.