This is a project i really like. Lots of room to grow. A lot of implementation possible for products in the coming years IMO. Two ways to play this in medium/short term for me. Always have a back up plan nothing ever goes 1 way all the time. Daily closes above 5.35 and upside potential to the 7s. Second option, on a pull back is to bid on the PIVOT in the 4.20...
Im bullish sorry for being bullish, is this one get rejected on the first vertical or horizontal resistance or if this one loose the vertical support that is maintaning the bullish trend STRONG BUY ZONE but better be on the train with risk managment than be outside good potencial R/R.
On the daily timeframe we appear to be respecting an upwards trend channel which more or less line ups with the fib retracement.
Important to note the 1h and 4h timeframes are approaching oversold, I am hoping to catch an entry a little lower, if it drops to around the 4.98-5 USD mark I think there will be more momentum for a pushup to around 5.80 and then 6.18 USD.
Looking at the 12 HRLY chart, and waiting for the 3 touch and a breakout after that.
SNX has huge potential
12 HRLY chart
Potential macro targets if it breaks through
2 day indicators are bullish, as it doesn't have much...