SNM Global Holdings (SNMN)

[tecno trader]

Tecno Trader technical analysis of SNMN recent action
After a long period of little price action SNMN has
recently sprung into action.Price and volume action are
in concert with other.Accumulation distribution are in
an uptrend as well as money flow and momentum as well.
The stock is in an overbought also, so a correction
could take place.The question is ,is this rally for
real? If we go back to a long term chart we can see
that SNMN had a parabolic rise and downfall in a
very short time frame.Based in that I would surmise
to say most of the shareholders are under water at this
time,that is to say most have losses as of now.
At this junction in time it is difficult to
transpire what will happen next.More price action
is needed over time so on a technical basis we can
try and see if this a longer term trend.This is
just my analysis at this point in time and does
not construe a buy or sell in SNMN stock.