Sonata software is a small cap stock, probably thatswhy rally came slightly later. In previous day session it has broken
1. its long term trendline resistance
2. its recent swing high zone
3. absorbed the whole candle of 31 Aug 20
Currently above 200dma and breakout came with good volume.
Buying near 330 can be a good bet, SL 320 First target 350-352.
SONATSOFTW Announce result MAY 11 Expect COVID-19 Impact
(180-190) Zone Is 0.618% Retrace So keep watch Breakout Or Not Then Enter Trade
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
I am not responsible for any liabilities arising...