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...
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...
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...
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...
![SONO: 14/3/2022 NASDAQ [SONO]](https://s3.tradingview.com/q/qBG8GFJi_mid.png "14/3/2022 NASDAQ [SONO]")
