This is my Santova 1D Chart Analysis Trend Cloud Study.
The Chart is self explanatory.
On the Chart I show where there are clues for Upside and Downside momentum.
Please do your own research before making any decisions.
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Many Thanks.
Graham.
Santova (SNV) is an international logistics company with 19 offices in 7 countries. The company designs, implements, coordinates, controls and monitors international supply chain activities. Through a virtual client-centric information system the company facilitates inventory management to provide far more than simple tracking and tracing services. The company has...
Santova (SNV) is an international logistics company with 19 offices in 7 countries. The company designs, implements, coordinates, controls and monitors international supply chain activities. Through a virtual client-centric information system the company facilitates inventory management to provide far more than simple tracking and tracing services. The company has...
M Formation is forming on Santova.
This is a consolidation pattern that took place after strong upside.
Now the price could turn up and form a Box formation, where it can break to the upside.
But as we say, we can only act on what we see.
We absolutely need the price to break below the neck line of the pattern.
21>7 - Bearish
Price>200 - Elastic
Target...
Santova broke out of a multi month downtrend and recently retested that breakout. Looking to go higher. Low liquidity on this one is however a problem and can result in some large swings. Stop losses should be managed accordingly.
