$SNDR to head higher after breaking from cup and handle?
* Great earnings quarter over quarter
* Breaking out of IPO base (also shaped like cup and handle on the monthly chart)
* Very high 3-month relative strength of 8.43 in the Industrial sector
* Breaking out of an 18 month base with higher than average volume that recently created a cup and handle
* The red horizontal line indicates previous all time highs which was retested as support just recently
Trade Idea:
* Now's a great time to enter as the price is very close to the broken level.
* Due to current market conditions I wouldn't be surprised if we break back below $26.91 to around $26.52 before heading higher.
* Breaking out of IPO base (also shaped like cup and handle on the monthly chart)
* Very high 3-month relative strength of 8.43 in the Industrial sector
* Breaking out of an 18 month base with higher than average volume that recently created a cup and handle
* The red horizontal line indicates previous all time highs which was retested as support just recently
Trade Idea:
* Now's a great time to enter as the price is very close to the broken level.
* Due to current market conditions I wouldn't be surprised if we break back below $26.91 to around $26.52 before heading higher.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.