SNGPSNGP is hovering above 200 day EMA, a possible pull back can be expected from 61 which is supporting trend line. Initial resistance lies around 65.70 while secondary resistance lies around 67.30.
SNGP trade ideas
SNGP | Adam & Eve PatternSNGP displays a promising bullish reversal pattern characterized by the formation of an ADAM and EVE pattern. Our plan entails accumulating the stock within the designated buy back zone (64-65.50 range), while setting stop loss orders below the bottom of EVE to manage risk effectively.
Anticipation builds for a substantial surge in momentum upon the breakout from the neckline, anticipated around the 69.10 area. To guide our trading decisions, we've delineated two distinct targets: an immediate target around 72 and a final target for exiting the trade will be around 75.90.
It is paramount to approach trading with caution and adhere to sound money management principles. Your insights and perspectives on SNGP are encouraged.
