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trademan1 trademan1 SN, D, Long ,
SN: SN Sanchez Energy Accum/Dist Breakout to All Time Highs
122 0 0
SN, D Long
SN Sanchez Energy Accum/Dist Breakout to All Time Highs

Sanchez Energy's chart may look down-and-out with recent profit taking, but actually it is the Accumulation/Distribution Line (ADL) that tells the real story. The ADL has broken out to all time highs, and now the chart has to play catch-up and rally, the Heikin-Ashi TrendBars are signalling that the new bullish trend has already started. Reference ADL ...

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