$SNDK This move is really strong, up more than 8% in 24 hours, and now it’s only a tiny bit away from the intraday high.
The daily MACD has just formed a golden cross, and it’s also back above the short-term moving averages, so the chart does look strong.
But RSI has already entered overbought territory. On top of that, volume hasn’t kept up, and large orders are still showing net outflows, which clearly suggests someone is taking profits at higher levels.
Next, watch whether 1608 can hold above support. If it can’t, then it’ll need to consolidate through sideways movement. #SNDK
The daily MACD has just formed a golden cross, and it’s also back above the short-term moving averages, so the chart does look strong.
But RSI has already entered overbought territory. On top of that, volume hasn’t kept up, and large orders are still showing net outflows, which clearly suggests someone is taking profits at higher levels.
Next, watch whether 1608 can hold above support. If it can’t, then it’ll need to consolidate through sideways movement. #SNDK
