SNM Global Holdings (SNMN)

[tecno trader]

Tecno Trader analysis of recent action in SNMN stock.Today's action shows a 20% drop with heavy volume.The money flow is still in a down trend as well as the momentum .The Stochastic indicator is also very oversold with no trend at the moment either up or down.If one steps back and looks at the long term picture one sees a long term base and a sharp rise to an ultimate peak and then a sharp decline near the original base level where the rise took place.Currently another base is taking place.How it all ends up is anybody's guess at this point in time.I would say at this time many holders have losses and at this price level few have little or no gains at all.As opposed to the general stock market where over 60% of the trading or more are controlled by the HFT computers that do trades in the millisecond period of time. At least at this price levels SNMN
doesn't have this problem.This analysis is just my opinion at this point in time and does not construe a buy or sell in SNMN stock.