SoundHound AI (
SOUN) is showing a strong technical setup as it pushes above the Ichimoku cloud on the daily chart. Price has been consolidating for over a month in a tight range between $9 and $10.30. Today’s breakout above the cloud with bullish MACD crossover signals potential trend continuation.
Key technicals:
Ichimoku Cloud: Price has closed above the Kumo with Tenkan-sen crossing above Kijun-sen—classic bullish signal.
MACD: Fresh bullish crossover with histogram flipping positive for the first time since mid-May.
Volume: Volume has been increasing on up days, suggesting accumulation.
Trade setup:
Entry: $10.30 (breakout candle)
Stop: $9.05 (below recent consolidation base and cloud)
Target: $13.41 (prior high and R1 pivot level)
Risk/Reward: 2.41
If price holds above $10 and consolidates, it could offer a low-risk add or re-entry zone. Momentum traders may wait for confirmation above $10.55 with volume before committing.
This setup offers both breakout potential and clean invalidation, making it attractive for swing traders and breakout traders alike.
SOUN) is showing a strong technical setup as it pushes above the Ichimoku cloud on the daily chart. Price has been consolidating for over a month in a tight range between $9 and $10.30. Today’s breakout above the cloud with bullish MACD crossover signals potential trend continuation.Key technicals:
Ichimoku Cloud: Price has closed above the Kumo with Tenkan-sen crossing above Kijun-sen—classic bullish signal.
MACD: Fresh bullish crossover with histogram flipping positive for the first time since mid-May.
Volume: Volume has been increasing on up days, suggesting accumulation.
Trade setup:
Entry: $10.30 (breakout candle)
Stop: $9.05 (below recent consolidation base and cloud)
Target: $13.41 (prior high and R1 pivot level)
Risk/Reward: 2.41
If price holds above $10 and consolidates, it could offer a low-risk add or re-entry zone. Momentum traders may wait for confirmation above $10.55 with volume before committing.
This setup offers both breakout potential and clean invalidation, making it attractive for swing traders and breakout traders alike.
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.