SGN in a Great SetupGreat Risk:Reward ratio for this stock of 1:3.81.
Multiple factors pinpoint to a high probability of a spike up:
-Stock broke the downtrend with a large spike up, with a pullback being a great opportunity to enter long.
-MTP EMA is showing a correct position (ROYGB)
-Volatility Squeeze is showing a compression. That compression is also strengthening (Going from orange dots to red dots)
-Ultimate Strength Index is showing strength, being in correct position (ROYGB), and rising overall.
