Someone pointed out $SONO - Nice 4+ months up w/ handle. Would turn into an optimal setup if it it can put couple of quite days right here around this level. It could go from here but I've added to the chart what kid of price action that gets me excited!
SONO could be setting up for a possible symmetrical triangle breakout It seems that $40.80 will be a pivot price point I will add some alerts at that price, with targets at $42 and $44
I think SONO's momentum looks good and it should resume higher, maybe to new highs. Options are cheap now. Thinking of doing the Sep24 $44c for .75
You can probably count this a different way, but I believe the current yellow situation is likely - if not then red situation. there are alot of running flats, no matter how you count it.
SONO gaped up after earnings with massive volume coming in. I expect the price to go sideways in the coming week holding $36.60 as support before moving higher. Look for buying opportunities around $36.60. Alternatively, you can buy now and dollar cost average around this area as this is a good long term hold as well.
This company has been sitting out of the limelight for quite a while. It's retraced a previous gap and now its sitting firmly on a fib support line + somewhat strong ascending support line.
$SONO Target 40.35 for 21.24% Or double position at 26.21 — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first...
$SONO Set up, Daily inside bar at trigger, Stop & 3 take profit, Tp 1 my stop is moved to break even, aiming 1 & 2 only here,
New to this world so hoping for constructive feedback on my early days of analysis.... Realtively short channel in place with a cup and handle evident. Based on the cup depth and channel , 47-48 may be in play. Not advice, only a personal view. Thoughts or comments appreciated.