SIQ may have changed its bearish trend after the break of the downtrend line so any pullback lower may provide a buying opportunity. It could backtest lower towards my Buy Zone between $6.80 - $7.00, where I may take a long position once bullish price action is confirmed. Please note these are my own notes, by no means trading advice. Please do your own research...
hey traders, looking at SIQ having complete a running on the weekly tf. this is supported by daily divergence on the way down and now a 4hr impulse + correction having been completed. we're also seeing an hourly move away from the completed correction showing more upside potential.
More of a fundamental buy here also pretty good ABC correction and C leg relationship with A.
High volume activity last week a likely move out of this pennant formation.