SNX has shown a strong performance over the past weeks.
I'll be looking for confirmation around $7.5 - $7.8 range. This would potentially establish previous resistance as support (blue), this scenario also uses the alligator's jaw (green) as a pivot.
If accompanied by volume, this factors have the potential to catapult SNX up to the $10 price target. As forecasted by the new developing channel (purple), the FIB retracement tool, and elliot waves.
Holding the $7.5 support cluster is key for this scenario to play out. Otherwise, look for support within the original channel (blue).
Using data to beat irrational markets by emotional players.
I'll be looking for confirmation around $7.5 - $7.8 range. This would potentially establish previous resistance as support (blue), this scenario also uses the alligator's jaw (green) as a pivot.
If accompanied by volume, this factors have the potential to catapult SNX up to the $10 price target. As forecasted by the new developing channel (purple), the FIB retracement tool, and elliot waves.
Holding the $7.5 support cluster is key for this scenario to play out. Otherwise, look for support within the original channel (blue).
Using data to beat irrational markets by emotional players.