SNM Global Holdings (SNMN)

[tecno trader]

Technical analysis of yesterdays big volume drop.From my viewpoint
the percentage drop with high volume caused technical damage on the stock chart.It seems that several investors and traders had good gains and when some decided to garner profits more sellers did the same thing and the end result was a large drop in price.Several that bought at higher levels now have losses.It will take a period of base building before new highs are achieved.The highest peak level of the stock will now become a resistance level that must be overcome before new highs are made.At this time I have no positions in SNMN stock.My post should not be construed to be either a buy or a sell signal as my post is just a opinion on of mine.