Friday, August 14, 2020 6:30:12 PM
$SRNE | #Sorrento Levels to Consider
Another major day for the stock with a 30% rally, which hit resistance at Fibonacci expansion and Horizontal resistance.
Further upside targets are at $20.00 & $22.50 where there is also confluence of resistance.
The stock is overbought now but is very popular among day traders so gains must not be taken for granted.
Price actions above $26.80 is very limited so resistance is not substantial, thus rallies can get exaggerated and frantic.
Support is very limited now and any fall could be quite deep so keep stop losses and respect them.
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.
Another major day for the stock with a 30% rally, which hit resistance at Fibonacci expansion and Horizontal resistance.
Further upside targets are at $20.00 & $22.50 where there is also confluence of resistance.
The stock is overbought now but is very popular among day traders so gains must not be taken for granted.
Price actions above $26.80 is very limited so resistance is not substantial, thus rallies can get exaggerated and frantic.
Support is very limited now and any fall could be quite deep so keep stop losses and respect them.
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.
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