SBM has broken out of it downtrend line with High Volume indicating a possible change in trend. There is also MACD Bullish Divergence indicating a change in momentum. This shows that the risk to reward is on the upside. My plan is to target the initial resistance level of $2.05 (potential 10% gain) with a tight stop below the recent low.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.