1) I drew Resistance Line of RSI iIndicator and it was broken in November. 2) I drew Resistance Line of Momentum Indicator but its resistance line wasn't broken yet. We will see what will happen this month. 3) I drew Resistance Line of CCI Indicator and it was broken in November. 4) On DMI Indicator ADX is less than 20. We do not have strong trend. Also +DI cut above -DI. It is buy sign.
Note
Note
Resistance line of Momentum was broken this month.
Note
Wait a little bit! SONO can go sideways or downside but will increase after resistance line of RSI breaks.
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Still wait. No position.
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Monthly Chart. Momentum has critical point!
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New Resistance lines were drawn on Momentum and CCI. Daily Chart!
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Daily Chart. +DI and Momentum broke resistance lines but wait for RSI and CCI.
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Daily Chart! RSI, MACD and CCI broke resistance lines.
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Weekly Chart! Momentum broke support line.
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Daily Chart! All indicators broke their resistance lines.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.