themarketzone
Long

Is SodaStream a longer term buying opportunity?

NASDAQ:SODA   SODASTREAM INTERNATIONAL LTD
a year ago
$SODA closed above its Weekly Fast SMA line (18) last week for the first time since June 2015.
Usually I use this to indicate potential shift in trend. The daily Fast SMA line is the preliminary signal and the weekly is a much more reliable one.
Other elements to consider when looking at $SODA's charts are the resistance zone near 17$ and the 50 weeks SMA line that creates a strong weekly sell zone 16.5-17.5$.

If $SODA will break above 17.5 and close above 18$ it could create a longer term signal that will lead it to a long waited correction move. The bullish momentum in the RSI supports this option.

30$ is the first real weekly structure above 18$ and that's the longer term potential target zone

Tomer, The MarketZone.net

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a year ago
Comment: Approaching the breakout zone - Watch out of potential resistance
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Tomer J,
The Market Zone - You trading Edge
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Looks good and agreed on $30 mark.

snapshot


Shame I didn't see it before, for me it triggered the buy 2 weeks ago.
+1 Reply
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