SNDX - in a Bullish short term pattern

Oct 2, 2018

SNDX is emerging from its depths and the short term chart is looking interesting.
For now it is in an a-b-c move down as wave 4. Once it ends, a 5 up should follow in order to end the 1st leg (A) from mid Sept.
As a speculative play, the recent up move could be strengthened later on and above $9 it could gain a lot of thrust.
Below $7.33 the bullish short term pattern will be in jeopardy.

Oct 2, 2018

Note

c and 4 should be higher than what the diagram shows.

Nov 17, 2018

Note

There is not much to add to SNDX.
The chart is not promising fir now.
It needs to clear $7.50 with solid volumes to enter in a positive trend.
Overall the sector is under pressure and the general situation of markets is not helping. For now I just follow it and nothing more.