SNDK has a very nasty breakdown formation on the weekly,
monthly foreshadowing the daily. The monthly has a mini inverse pup breakdown
with a resistance at 50.85. The weekly has a mini inverse pup resistance same
spot. The daily is forming an inverse pup breakdown with lower Bollinger bands
at 40. This would be the target on shorts with a trail stop at 51. An entry
under 48 with a trail at 51 with profit targets at 45, 42.50 and 40.
Converging mini pup/pup patterns are the strongest setups you can get. This
should setup some nice breakdowns.
Good trading gang!
Jea
Yu has been involved with the equities markets for over 10-years. He specializes
with intraday trading in the U.S. equities and futures markets. To receive a
free 7 day trial to Jea Yu's Underground Trading Pit,
click here or call 888.484.8220 ext. 1.
