SONACOMS breaking out of a large weekly base, decent daily volume, would wait to see if weekly volumes go above average as well.
If large weekly base BOs are your thing, this might get interesting, keep in the list for upcoming days/weeks as per your interest.
If large weekly base BOs are your thing, this might get interesting, keep in the list for upcoming days/weeks as per your interest.
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Pretty strong shakeout on weekly charts, swing low has also been broken, out of the priority list for now. Will see if the name pops up in daily screen with volumes before getting excited on this.
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Testing 200 EMA support now, Might be a good buy here for people who track pullbacks post large weekly bases. I have been looking into it and will try to put a position here as have been seeing many large bases BOs continue trend while taking supports at 50 EMA and 200 EMA.
Going against my initial style of short term momentum, but have an itch to try this out. Let's see how this turns out :)
Going against my initial style of short term momentum, but have an itch to try this out. Let's see how this turns out :)
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Didn't turn out great. hit my SL and I am out of it. Maybe sticking with the BOs is better than trusting bounce backs.