SNDX - in a Bullish short term pattern
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.
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.
Comment:
c and 4 should be higher than what the diagram shows.
Comment:
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.
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.