re: SNDK...It's NOT looking good, down five dollars in four sessions!...What happened?...
I can see they came out with negative earnings on October 19th, but I wonder what caused the slide lately, and is it over yet?...
The hourly chart shows the downslide "may" be ending as of yesterday's session...Nothing goes down forever...I'd be looking for a "dead-cat-bounce" back up to at least $44.00
The reasons I say it may be turning back up are: The SAR on the hourly chart is below the PPS starting yesterday afternoon for the first time in four sessions...CMF Money Flow is upticking towards the zero line...OBV, and Accumulation are flattening out...
The CCI has crossed up through the lower line...RSI is trying to uptick...The DMI- is starting to downtick...Stochastics are moving up, and the MACD Histogram popped up above zero in the last hour of yesterday's session...That big green Volume spike yesterday may also be calling it a bottom...
The daily chart shows yesterday was a "first low"...I usually wait to enter a Swing Trade after a stock sets a "second low" on it's daily chart...You could take a position today "hoping" yesterday was the "bottom", and add more if it is when it sets it's second low in a few days...
But NOT ONE of the Technical Indicators on this daily chart show any signs of it turning up here...If today has way above daily average Volume and it starts up, you might get lucky...If the PPS drops below yesterday's intraday low of $42.09 that will be your Sell Signal if you take a position today...
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