Here's one to watch next week: SONS
stockcharts.com[e,a]eaclyiay[pc9!c13!c20!d20,2!c50!c200!b50!b200!f][vc60][ila12,26,9!lh5,5!li10,10!lp14,3,3!ll14!lo14!lb14!le5,10,1!lh89,34!lh45,17!li180,68!lp3,2,2!lb5!lp13,8,3!lp5,3,3]
Flag/wedge like decline off the highs. Lotta attempts to break the DTL... all failed. New low yesterday coulda been the last one, but you can also make more of a channel by drawing a trendline underneath the lows starting at 5.12 (and sorry I'm not doing so).
Seeing that chart, I immediately thought "betcha earnings are next week." They are! Scheduled Monday, apparently. Not that that by itself gives any clarity, as SONS has gapped and down on earnings since I've been watching, but perhaps the move with earnings will give some clarity. |
