SNDK's spike to 1908 yesterday has scared everyone from chasing higher today.
Yesterday's low was 1736.2, the high touched 1908.8 but didn't break through, closing at 1868.8. Today opened at 1868.8, with a high of 1897.9 and a low of 1868.8, current price around 1877. Volume has shrunk.
Resistance remains at 1897 above; only beyond that is yesterday's 1908. If it breaks below 1868, it will likely revisit the open price first, and only a strong move will test 1736.
In the short term, watch if 1877 can hold. If it can't, consider it a pullback after a rally and avoid chasing at this price. For those already holding, watch if 1868 can support; if not, consider trimming positions. $SNDK
Yesterday's low was 1736.2, the high touched 1908.8 but didn't break through, closing at 1868.8. Today opened at 1868.8, with a high of 1897.9 and a low of 1868.8, current price around 1877. Volume has shrunk.
Resistance remains at 1897 above; only beyond that is yesterday's 1908. If it breaks below 1868, it will likely revisit the open price first, and only a strong move will test 1736.
In the short term, watch if 1877 can hold. If it can't, consider it a pullback after a rally and avoid chasing at this price. For those already holding, watch if 1868 can support; if not, consider trimming positions. $SNDK