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trademan1

SN Sanchez Energy Accum/Dist Breakout to All Time Highs

Long
SharkNinja, Inc. (BATS:SN)  
trademan1  
BATS:SN   SharkNinja, Inc.
a_d Accumulation / Distribution Line (ADL) LINE breakout ALL TIME high Bullish Patterns trendbars heikin-ashi color sanchez Energy Commodities ADL
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a_d accumulationdistribution line breakout all time high bullish trendbars heikin-ashi color sanchez energy adl
Sanchez Energy's chart may look down-and-out with recent profit taking, but actually it is the Accumulation/Distribution Line (ADL) that tells the real story. The ADL has broken out to all time highs, and now the chart has to play catch-up and rally, the Heikin-Ashi TrendBars are signalling that the new bullish trend has already started.

Reference ADL Divergence
www.tradingview.com/...n_Distribution_(ADL)
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