DISCLAIMER: I currently do not have any positions in SONOS, but I am looking to hop into a short trade prior to the pullback.
The current trend looks like it has some room still to go, however, at the top of the triangle there appears to be two big points of resistance that the stock faces from a historical standpoint.
At the beginning of the current positive trend we started a bear flag that didn't complete, which probably was a mix of positive news, market holiday season, etc. This stock should correct with the rest of the market come early January.
The pullback might not be as severe as this chart might suggest, but the steam on this positive trend looks to be getting a little bit tired.
The current trend looks like it has some room still to go, however, at the top of the triangle there appears to be two big points of resistance that the stock faces from a historical standpoint.
At the beginning of the current positive trend we started a bear flag that didn't complete, which probably was a mix of positive news, market holiday season, etc. This stock should correct with the rest of the market come early January.
The pullback might not be as severe as this chart might suggest, but the steam on this positive trend looks to be getting a little bit tired.
Pesanan dibatalkan
Will re-evaluate after the New Year in a few days. Will be looking for a similar chart pattern.
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.
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.