$SNDK This price action looks a bit off to me—classic signs of distribution.
Price is still hovering above VWAP, but CVD keeps sliding, and selling pressure is clearly dominating the tape.
Each of the recent highs has been lower than the last, and that feeble breakout didn’t generate much momentum. The rally is clearly running out of steam.
This kind of setup is subtle: it looks strong on the surface, but underneath, things are leaking.
Price is still hovering above VWAP, but CVD keeps sliding, and selling pressure is clearly dominating the tape.
Each of the recent highs has been lower than the last, and that feeble breakout didn’t generate much momentum. The rally is clearly running out of steam.
This kind of setup is subtle: it looks strong on the surface, but underneath, things are leaking.