SONATASOFTW has broken out of a long flag on the upside and holding the level. Previously it broke out of a long cup pattern and never looked back. High Volume and High RSI.
Key Highlights:
-Consolidating in range
-May retrace a bit before the breakout
-If it gives a clean breakout with volume, then enter only above 815
-Bullish Market structure
-Volume expansion
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
It can be a possible opportunity for swing trade in SONATSOFTW..
However, for minimal risk I would buy if price closes above 735 (maybe on 22nd Jun/23rd Jun)
Target- 765-770
Timeframe - expected to reach target before 30th Jun
Note: This is for educational purpose only
There is a ascending triangle bullish breakout with ultra high volume. RSI is showing breakout as well. Moreover, RSI above 65 indicates bullish momentum.
