SOUN Long SOUN Long position off of trend line retest. Jumped down on the 5 min time frame to get my entry. Pulled a fib off of the rally on market open. Got in on the .618. Perfect retest of the trend line (Closed on a doji candle. Stopped on .618 then turned right around. I will be closing half of my position at $15.21. Will close the rest at pervious high ($15.53)
Thank you for viewing. What are your thoughts?
Sounlong
SOUN - SoundHound - $20 Price TargetSOUN had a breakout section after finding continued support at the $12.17 Price Level, pushing its way to retest the $14.22 level, which had not previously acted as resistance.
We expect some consolidation there, with a pullback and bounce to break through and find support above $14.22, pushing on to the next level of $16.49 - where it should not have too resistance to push on to our $20.80 Price Target going into October.
Looking for any entries along that baseline of lower support.