SN Sanchez Energy Accum/Dist Breakout to All Time Highs
Sanchez Energy's chart may look down-and-out with recent profit taking, but actually it is the Accumulation/Distribution Line (ADL) that tells the real story. The ADL has broken out to all time highs, and now the chart has to play catch-up and rally, the Heikin-Ashi TrendBars are signalling that the new bullish trend has already started.
Reference ADL Divergence
tradingview.com/stock-charts-support/index.php/Accumulation_Distribution_(ADL)
Reference ADL Divergence
tradingview.com/stock-charts-support/index.php/Accumulation_Distribution_(ADL)
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