$SNDK â Breakout or Rejection? đ
SNDK currently trading at $1,795, after a massive recovery from the $1,507 low.
This structure is important.
Price has staged a strong V-shaped rally and is now pressing right up against the $1,837 high. The stock is also holding gains at +0.99%, but the perp is showing stronger momentum. We are at a key decision point.
If buyers break above $1,837 with conviction and volume, the path toward $1,853 opens up.
But if sellers step in here and reject price, we could see a pullback toward the $1,708 support.
SNDK currently trading at $1,795, after a massive recovery from the $1,507 low.
This structure is important.
Price has staged a strong V-shaped rally and is now pressing right up against the $1,837 high. The stock is also holding gains at +0.99%, but the perp is showing stronger momentum. We are at a key decision point.
If buyers break above $1,837 with conviction and volume, the path toward $1,853 opens up.
But if sellers step in here and reject price, we could see a pullback toward the $1,708 support.
