Following a period of consolidation, SNX decisively broke above its established support at $3.00. This bullish move comes after several attempts by sellers to push the price lower, all of which were met by strong buying pressure. This sustained buying pressure suggests a significant shift in sentiment among investors, who are now turning increasingly bullish on SNX.
The first major resistance level for SNX at $7.40. A successful reclaim of this level would provide further confirmation of the bullish trend and could pave the way for a continued ascent toward the second resistance level at $13.80.