SNDK

29 Jul

In this post I try to examine SNDK  deeply by using technical analysis.In beginning I write all note on chart.

 

the stock was in uptrend from Dec of 2008 until Jun 2010. I would use uptrend from Feb 2010 until Jun 2010 because  its represent a final uptrend wave in short to medium term.

what  make me very bearish? many reasons lets see it:

1- possible Head & Shoulders.

2- descending triangle.

3- breaking uptrend and confirmed the broke by test it.

4- RSI below 50.

5- The lower of Raff Regression channel broke.

With all this, stock don't give a clear signal to entry even short or buy PUT.

watch it.