NASDAQ: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...
1) I drew Resistance Line of RSI iIndicator and it was broken in November. 2) I drew Resistance Line of Momentum Indicator but its resistance line wasn't broken yet. We will see what will happen this month. 3) I drew Resistance Line of CCI Indicator and it was broken in November. 4) On DMI Indicator ADX is less than 20. We do not have strong trend. Also +DI cut...
Reasons for bullish bias: - Price broke last LH - Entry at Fib 0.382 level - Price broke the descending channel Entry Level(Buy limit): 17.79 Stop Loss Level: 14.82 Take Profit Level 1: 20.76
Big inverse shoulder head shoulder is a function of smaller ones, last one is in the making.
Could be a reversal of the whole advance, worth a shot here. Best of luck! Cheers, Ivan Labrie.
SONO is bearish7weak fundamental stock therefore would be traded only on a short position. SONO after a huge drop started to consolidate in price but didn't move too much and now it is forming a bearish pattern rising wedge. Price is ready for a strong move because above it is BigRed and the trend line which will act as strong resistance, and below are other MAs....
US CPI NUMBER TODAY - EXPECT EXTREME VOLATILITY Sonos Inc - Medium Term - We look to Buy a break of 18.33 (stop at 16.59) Price action looks to be forming a bottom. Broken out of the Head and Shoulders formation to the upside. Bespoke resistance is located at 18.28. A break of 18.28 is needed to confirm follow-through bullish momentum. Although the...
An idea showing a lower trend line that acts as a support also while acting as a double bottom, dotted trend line This is a bullish scenario for SONO Daily timeframe
Sonos Inc Short Term - We look to Buy at 15.55 (stop at 14.55) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. There is scope for mild selling at the open but losses should be limited. Support is located at 15.50 and should stem dips to this area. Dip buying offers good risk/reward. Although the...
Sonos, Inc. is an American developer and manufacturer of audio products best known for its multi-room audio products. The company was founded in 2002 by John MacFarlane, Craig Shelburne, Tom Cullen, and Trung Mai. Patrick Spence was named CEO in January 2017. Sonos has partnered with over 100 companies that offer music services, including Pandora, iHeartRadio,...
NASDAQ:SONO Possible Scenario: SHORT Evidence: Price Action, TP1: 23$ TP2: 19.15$ PUT options18th Feb, Strike 20$ *This is my idea and could be wrong 100%.
$SONO has a great short signal here, paired with a longer term down trend active, coming down from overbought readings in the daily timeframe, and below the most recent 'Key Earnings Level' from the 'Key Hidden Levels' suite of indicators developed by my mentor @timwest . A great setup considering possible implications and the state of affairs in the market these...
MID-TERM: Gap filled, bullish gartley, falling wedge, hammer candle, classic bullish divergence on RSI. (not financial advice)
The area at 30 is now a resistance Sono is in downtrend and has a room to go to 17 with no major support The sector is weak, the fundamentals are weak, insiders are selling The short ratio is lower than 5 (short squeeze odds are not so high)
Possible bullish flag on weekly. Could grow to the 55-60 level in 3-4 months. Price: 32 Target: 60 Stop-loss: 27.50 Position: 5% of the capital Period: 3-4 months My speculation is that SONO could be acquired by one of the large players ( Meta, Microsoft).
Fundamental Analysis Sonos is a technology company, that specializes in the home audio, wireless and multi-room sound systems. It's major competitors are Bose, JBL, Harmon Kardon, Cabasse in the higher-end home speaker space. The firm sells a wide range of audio devices including connected speakers, subwoofers, soundbars for TVs and more. Sonos made a big...
It has maintained overperformance over the consumer discretionary sector (represented by XLY) but has lost some of its relative strength against it. It appears that the extra alpha and extreme overperformance is going to be back on SONO 's side based on the chart bottom chart where the relative strength is hitting a level that usually would result in a bounce...
The paper started an upward movement. Strong resistance will be near $42. A fair price for this stock is now around $50. It is possible to earn almost 60% Fundamentally a very strong company ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . ....