SONACOMS : trend reversal with double bottom pattern.

Apr 30, 2023

SONACOMS after a long down trend it seems to be ready for reversal trend.
It has just breakout its resistance level 480 and forming a double bottom pattern.

Traders may consider entering a position in the range of 485-490, with target levels at 515, 545 & 600. It is important to note that trading carries a risk of loss, and a stop loss at 453 is recommended to limit potential losses if the trade moves against expectations.

As always, it is important to conduct thorough research and analysis before making any trades. This post is not financial advice and should not be considered as such.

May 5, 2023

Note

Trail your stop loss to 469.

May 8, 2023

Note

Surpassed our first target .
Trail stop loss to BEP.
Please boost my idea if you like the analysis.

May 10, 2023

Note

Touched our 2nd target price.
Trail your stop loss.
Please boost my idea if you like the analysis.

Jul 28, 2023

Trade closed: target reached

Touched our final target price.