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MarthaStokesCMT-TechniTrader

Island Gaps and Hidden Accumulation: SONO

Sonos, Inc. (BATS:SONO)  
MarthaStokesCMT-TechniTrader  
BATS:SONO   Sonos, Inc.
Candlestick Analysis Technical Indicators Chart Patterns islandgaps hiddenaccumulation SONO consumerelectronics bottoming consolidationzone breakoutsetup swingtrading technologystocks
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candlestick indicator chartpattern islandgaps hiddenaccumulation sono consumerelectronics bottoming consolidationzone breakoutsetup swingtrading technologystocks
SONO has a lot of Island gaps and another just in the past few months.

The compression of price into a sideways trend is a good pattern.

Also, the black candle that drops below the consolidation and the white candle the next day is a pattern to pay attention to. This means there is some hidden accumulation from Dark Pools at this new higher level of price. Institutional holdings is strong at 85%.
Martha Stokes, CMT
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