Volume Price Analysis SNDX

31 ago 2018

Trading the inverse head and shoulders. 2 down days following a breakout of the neckline. Following day we then see a quick spike in price which is overdone and we then see selling as the buyers are overwhelmed. Today 8/31/18 we see another pull back which reverses to close slightly down. Volume does not justify the size of the move we had today. I think Mr Market is shaking out a few more traders before heading further upwards.

5 set 2018

Nota

Added to my position today at 7.26 on the weak throwback

6 set 2018

Nota

Also noticed I messed up on my neckline! Neckline at the peak of the right shoulder should have been put on the green bar in-front of the red bar it's currently sitting on. Oh well!