YoungMula
Long

SNSS Good Risk/Reward

NASDAQ:SNSS   SUNESIS PHARMACEUTICALS INC
28 2 0
Target 3.50
jirakst
2 years ago
Hello, I can see there tripple bottom and RSI prepeared to rise a bit, while Stoch RSI shows OverBought. Why do zou think it should goes to 3.5?
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YoungMula jirakst
2 years ago
Looking at only price action and RSI, I see SNSS consolidating in the $2 for more than 3 months which indicates to me a solid level of support here.

In addition, after the earnings were reported a couple weeks ago the stock has continued an upward trend. This leads me to believe the direction from here is up.

Looking for 3.00 as the next target from here, a breakout above that level would lead me to the second target of 3.50
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