This is a technical analysis on weekly chart for Sinch. All explanations are done within the chart.
Notice the different Fibonacci levels and how price has reacted to them. All EMAs are line up nicely for further upward movement.
Today we have the confirmation of the breakout which on daily chart has shot off from a Penant formation.
Notice the different Fibonacci levels and how price has reacted to them. All EMAs are line up nicely for further upward movement.
Today we have the confirmation of the breakout which on daily chart has shot off from a Penant formation.
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Since Monday is the last day of this month, it's important to look at the monthly chart. Looking at it a clear breakout of the monthly consolidation can be seen. This is yet another confirmation of this breakout seen from a higher perspective.
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Legal Disclosure: I’m not a financial advisor. The information contained here is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock analysis provided here should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market in attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!
Legal Disclosure: I’m not a financial advisor. The information contained here is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock analysis provided here should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market in attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!
