An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
Here is what I believe is happening.
SON is in a inv cup and handle pattern, with the initial handle under formation.
1. Its currently short term over bought
2. Initial Handle formation is in the process. It may be up to 30% of the cup and hit resistance at 50.00, though currently the stock seems to stabilize the...