SNT - Nice looking ascending triangle on 3D
This is a nice looking play in which I like to gamble. 3D chart and 1W charts are currently building
an Ascending Triangle. I would be watching for SNT to re-enter this triangle, and continue on upwards
slowly until reaching the top line. The speed of this ascent being either slow or fast will dictact I think
the direction we go when we get to the apex of the triangle. I will want to see a break out and then
a healthy retrace to the support before continuing on to the target of the triangle.
I will be watching for a breakdown below the red rectangle and re-asses there.
an Ascending Triangle. I would be watching for SNT to re-enter this triangle, and continue on upwards
slowly until reaching the top line. The speed of this ascent being either slow or fast will dictact I think
the direction we go when we get to the apex of the triangle. I will want to see a break out and then
a healthy retrace to the support before continuing on to the target of the triangle.
I will be watching for a breakdown below the red rectangle and re-asses there.
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Here is the 1W chart.
