It is most certainly ALT season! Here is yet another ALT in th bull zone.
SNX is in its last leg of consolidation, (which is likely to conclude in next 12-24 hours).
Support: ~ $12.98
From there, it can grow 59% possibly, in just days.
Resistance: ~$20.76
These bull indicators are flagging:
-Stochastic @ 30m in sub 20 zone
@1H in the 50 zone
-RSI will hover around 50 zone at eh bounce
-MacD cross above neutral line, at/around support
-Historgram will flip at/around support
Happy Trading! Wishing everyone bountiful trades. Please let me know if I've ben helpful.
----------------------------
*Not trading advice. Trade at your own risk. Just a sharing of an opinion.
SNX is in its last leg of consolidation, (which is likely to conclude in next 12-24 hours).
Support: ~ $12.98
From there, it can grow 59% possibly, in just days.
Resistance: ~$20.76
These bull indicators are flagging:
-Stochastic @ 30m in sub 20 zone
@1H in the 50 zone
-RSI will hover around 50 zone at eh bounce
-MacD cross above neutral line, at/around support
-Historgram will flip at/around support
Happy Trading! Wishing everyone bountiful trades. Please let me know if I've ben helpful.
----------------------------
*Not trading advice. Trade at your own risk. Just a sharing of an opinion.
A bounce at EMA 55 (green line) would be a more complete consolidation and give SNT the energy it needs for a big move to fib 0.236 ($20.83).
$12.70 in the 6H, meets this condtion. Let's see how it plays....