SiteMinder (ASX: SDR) - Bullish Momentum Towards Buy-Side Liquid
Analysis and Prediction:
In this analysis, we observe how SiteMinder (ASX: SDR) has reacted exceptionally well off the monthly order block (OB), providing a strong impulse to the upside. This bullish move confirms the demand and buying pressure at this level, suggesting that price is poised to continue its upward trajectory.
On the daily chart, we can see that the price has broken structure (BOS) after tapping into a Fair Value Gap (FVG), further validating bullish momentum. The price respected the FVG upon retesting, offering strong confirmation that buyers are in control, and we anticipate a continuation towards the next buy-side liquidity level.
I project SiteMinder to reach a minimum of AU$7.73 as the next buy-side liquidity area. However, after hitting this level, I foresee a potential retracement before resuming its broader upward trend, offering opportunities for both short-term and long-term traders.
Given the confluence of signals—price reacting off the monthly OB, respecting the FVG, and breaking structure—we have solid confirmation of bullish momentum in play. Traders should consider this context when planning their entries and exits, with a focus on price action near key liquidity levels.
Disclaimer: This is not financial advice. Always conduct your own research (DYOR) before making any investment decisions.
In this analysis, we observe how SiteMinder (ASX: SDR) has reacted exceptionally well off the monthly order block (OB), providing a strong impulse to the upside. This bullish move confirms the demand and buying pressure at this level, suggesting that price is poised to continue its upward trajectory.
On the daily chart, we can see that the price has broken structure (BOS) after tapping into a Fair Value Gap (FVG), further validating bullish momentum. The price respected the FVG upon retesting, offering strong confirmation that buyers are in control, and we anticipate a continuation towards the next buy-side liquidity level.
I project SiteMinder to reach a minimum of AU$7.73 as the next buy-side liquidity area. However, after hitting this level, I foresee a potential retracement before resuming its broader upward trend, offering opportunities for both short-term and long-term traders.
Given the confluence of signals—price reacting off the monthly OB, respecting the FVG, and breaking structure—we have solid confirmation of bullish momentum in play. Traders should consider this context when planning their entries and exits, with a focus on price action near key liquidity levels.
Disclaimer: This is not financial advice. Always conduct your own research (DYOR) before making any investment decisions.
Penafian
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