SNM Global Holdings (SNMN)

[tecno trader]

Tecno trader analysis of SNMN current short term action.The volume has dropped off to less than 10 million shares traded.The MACD is still in a downtrend.The money flow index is still trending down.
Momentum is still broken.After a large drop in stock price with high
volume it is extremely rare for the stock to reverse direction and go by the highest peak level anytime soon.One doesn't have to be a chart reader to see that the stock isn't in a new uptrend as of yet.IF the the stock is diluted by adding more shares it may take longer to achieve a new all time highs in the stock.I expect more base building before the trend reverses in a productive way.This is just my current opinion in SNMN stock and does not construe either a buy or sell.