Sachem Capital Corp.Panjang
Brief Retracement Before Surprise Earnings
Leadup
Before earnings, SACH's price fell about 13%. SACH reported a surprise above expected EPS.
Price Action
After reporting a surprise, price gapped up and began consolidation. Today that consolidation broke upwards with a substantial gap and moved towards its previous highs.
Indicators
Volume Broke 21 MA on the gap.
DI remained bullish, and ADX seems to be finding support at the 20 level.
RSI found support at the 50 level. This level has been significant in the past.
Before earnings, SACH's price fell about 13%. SACH reported a surprise above expected EPS.
Price Action
After reporting a surprise, price gapped up and began consolidation. Today that consolidation broke upwards with a substantial gap and moved towards its previous highs.
Indicators
Volume Broke 21 MA on the gap.
DI remained bullish, and ADX seems to be finding support at the 20 level.
RSI found support at the 50 level. This level has been significant in the past.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Checkout my free weekly market updates on substack!
ronaldryninger.substack.com
ronaldryninger.substack.com
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.