Brief Retracement Before Surprise Earnings
Leadup
Before earnings, SACH's price fell about 13%. SACH reported a surprise above expected EPS.
Price Action
After reporting a surprise, price gapped up and began consolidation. Today that consolidation broke upwards with a substantial gap and moved towards its previous highs.
Indicators
Volume Broke 21 MA on the gap.
DI remained bullish, and ADX seems to be finding support at the 20 level.
RSI found support at the 50 level. This level has been significant in the past.
Before earnings, SACH's price fell about 13%. SACH reported a surprise above expected EPS.
Price Action
After reporting a surprise, price gapped up and began consolidation. Today that consolidation broke upwards with a substantial gap and moved towards its previous highs.
Indicators
Volume Broke 21 MA on the gap.
DI remained bullish, and ADX seems to be finding support at the 20 level.
RSI found support at the 50 level. This level has been significant in the past.
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