@MazenGuid wrote:
@BLOOBERRY what do you think of NASDAQ:SNTA, do you think it will break?
Do I think it will break out? Likely not, I would be willing to wager it is a multi-top on the 0.34. It's an upward resisting wedge, so it's likely going to continue its weekly downtrend. However, if you look at the SQZM, it looks like the shorters are going to get squeezed soon when they buy to cover so, It might break 0.34-0.345-0.35, but eat dirt afterwards nonetheless. I could be totally wrong, but the last candle reinforces my bearish outlook since it closely resembles a "shooting star" candle.
@BLOOBERRY what do you think of NASDAQ:SNTA, do you think it will break?
Do I think it will break out? Likely not, I would be willing to wager it is a multi-top on the 0.34. It's an upward resisting wedge, so it's likely going to continue its weekly downtrend. However, if you look at the SQZM, it looks like the shorters are going to get squeezed soon when they buy to cover so, It might break 0.34-0.345-0.35, but eat dirt afterwards nonetheless. I could be totally wrong, but the last candle reinforces my bearish outlook since it closely resembles a "shooting star" candle.
Comment:
Oh yeah! Break through! It Tested 0.34 multi-tops and news catalyst shredded my initial expectations.
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