SOUN just reported monster Q2 numbers with revenue up 217% YoY to $42.7M. Technically, the chart shows price holding above key moving averages after a long consolidation. The $12.50 area is acting as a base, with a clear upside target toward $17–18 (about +36%).
If momentum builds, that mid-level resistance could be tested fast. But if the base cracks, the risk is a drop back into the $10–$9 range.
If momentum builds, that mid-level resistance could be tested fast. But if the base cracks, the risk is a drop back into the $10–$9 range.
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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.