Big Potential for SONOCO PRODUCTS CO Daily

NYSE:SON   Sonoco Products Company
Hey people, SONOCO PRODUCTS CO is in a bullish push with an exploding return of the traded buy volume and a sort of big hammer candle. The TIMEFRAME M1 shows us a marubozu with a low buy volume return issued as it heads up the equilibrium zone to test it. Great propability to breakout the price with the momentum at the same time the zone to arrive in another and to put on the top follows. Before the check of an equilibrium zone for the breakout by passing (on TIMEFRAME H4) an adjustment followed by a breakout gap.
After a point for high for the breakout and (the TIMEFRAME H1) second high to reach. The hypothesis of an aggressive recovery on the after zone should not be neglected, in addition to an attempt on the compression zone of the breakout from above.
Please LIKE & FOLLOW, thank you!


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.