Potential monster stock (long term) - SNDX
SNDX shows signs of strong accumulation longer term. Overall really strong base on base action and getting close to a potential breakout.
Caution with all breakouts in this market - volatility has been significant around pivot areas, so the risk is much higher and probability is lower on shorter time frames.
While major indices are down 25-30%, this stock is near its all time highs and within a multi-year base - exactly what you want to see in this environment.
Caution with all breakouts in this market - volatility has been significant around pivot areas, so the risk is much higher and probability is lower on shorter time frames.
While major indices are down 25-30%, this stock is near its all time highs and within a multi-year base - exactly what you want to see in this environment.
Comment:
above 2021 congestion today and breaking out on the daily
Comment:
SNDX is probably my favorite set-up going into 2023. Bigger picture want to see that 50 day MA hold. Looks like it could be ready to start the year strong.