Text me if you have any questions/comments for me.
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SNL
- First time doing a written analysis on SNL
- Has a history of uptrends
- Stock’s daily average volume is quite low -> can lead to strong sudden price movements
- Low average volume will also explain the stock’s price gap ups/downs
- Stock is forming a strong resistance at 8.30 levels (blue dash line)
- A successful breakout looks to be around 8.45 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout before plotting entry if comfortable with the low average volume
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SNL
- First time doing a written analysis on SNL
- Has a history of uptrends
- Stock’s daily average volume is quite low -> can lead to strong sudden price movements
- Low average volume will also explain the stock’s price gap ups/downs
- Stock is forming a strong resistance at 8.30 levels (blue dash line)
- A successful breakout looks to be around 8.45 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout before plotting entry if comfortable with the low average volume
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.