Island Gaps and Hidden Accumulation: SONO
SONO has a lot of Island gaps and another just in the past few months. The compression of price into a sideways trend is a good pattern.
Also, the black candle that drops below the consolidation and the white candle the next day is a pattern to pay attention to. This means there is some hidden accumulation from Dark Pools at this new higher level of price. Institutional holdings is strong at 85%.
Martha Stokes, CMT
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