SENS has been tightening up since late September as you can see on the daily chart.
Bull scenario: A closing daily price above $3.21 would be very bullish, and the next resistance points being 3.33, 3.41, and 3.81. These could also be used for rough profit targets.
Bear scenario: A closing daily price of 2.80 or lower would be a bear signal, and would likely send prices to test the bottom of the wedge.
Volume has been increasing, this should be a fun one to keep an eye on.
This is not financial advice.
Questions, comments, and criticism always appreciated.
Cheers!
Bull scenario: A closing daily price above $3.21 would be very bullish, and the next resistance points being 3.33, 3.41, and 3.81. These could also be used for rough profit targets.
Bear scenario: A closing daily price of 2.80 or lower would be a bear signal, and would likely send prices to test the bottom of the wedge.
Volume has been increasing, this should be a fun one to keep an eye on.
This is not financial advice.
Questions, comments, and criticism always appreciated.
Cheers!
Comment:
Breakout!
-machinelearnt