SONOFully expect to see some selling on
SONO tomorrow morning. SMI, and Macd converging on each other as well as RSI fading off the pop.
There does not seem to be a strong level of support developed yet at 13.70, If we look $0.40 below then that (midway between the .786 and .618 fib) @ $13.35 I would expect to see the strongest level of support.
We have to take into consideration the people putting out the buy recommendation on $SONO. Andrew Left (head of Citron research is notorious for their slam pieces and pump writeups)
Whenever they mention a stock and talk about the direction they think its going to go, it moves hard in that direction and then pulls back after the market overreacts.
I am cautiously optimistic on the upside potential
SONO has here, but a pull back with have to occur first.
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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.