SNX is a project that has grabbed my attention. One of the reasons is that the price has returned to the value area low of the entire range, presenting an outstanding risk-to-reward scenario. In addition, we have a multi-month counter headline in play that must be broken in order to confirm a reversal.
I'm looking for a reversal back up to $9, which is the 0.618 Fibonacci level for the last important high + range's point of control.
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