First chart, not financial advice (Fixed formatting issue on previous post)
Price moving above the 12-period EMA on daily chart , looking to go long on a close above the wedge and possibly take profits at fibonacci resistance levels.
I added the previous rally's retracement levels to show where extra resistance lies.
First chart, not financial advice.
Price moving above the 12-period EMA on daily chart, looking to go long on a close above the wedge and possibly take profits at fibonacci resistance levels.
SND is currently moving inside a 1 year long decending wedge pattern which tend to be bullish.
Pair that with a fracking sand shortage this could be a bullish move for fracking sand companies.
Target: 7 dollars
SmartSand Inc beat earnings estimates for Q4 2017 but a sell off is continuing from highs of $10. Watch for a double bottom and reversal of the downtrend. Watch for MFI to become oversold and keep an eye on other energy sector stocks as well as oil price, price per barrel should be $60+.
Price is at a strong support level and has reached the lower bollinger band. Momentum shows a bullish divergence and the RSI is approaching oversold territory. The company also has very strong fundamentals.
with oil gaining back some ground, sand stocks could be rallying again. especially if oil prices go back to the 52/55 area which is right where US fracking would turn profitable. weak USD supports oil as it does support all commodities
EMES, HCLP and SLCA need to be at watch as well for a considerable rebound.
I missed that SND reports 3-16, which is just...