SNM Global Holdings (SNMN)

[tecno trader]

Tecno Trader analysis of recent trading action.
After a big run up in share price today with a
volume of 197,261,430 shares traded a decline
of the share price of -44.44% . This seems
like a majority decided to sell and take
profits after the run up.We shall see if
the sell off stops at the 50% level or not.
It appears that technical damage has occurred.
We need to ascertain in the coming days to
access what will transpire.As SNMN doesn't
have any earnings to speak of the selloff
was probably caused by some else.The old
market axiom rings true in this case
the market doesn't ring a bell when its time
to buy or sell.At this low share price any
large price increase will in most cases
result in more selling pressure because
of the gain percentage. We will need to
see some earning gains on a fundamental
basis so a meaningful long gain can be achieved.
This is just my opinion at this particular
point in time and does nor construe a buy
or sell in SNMN stock at this time