Reasons for bullish bias: - Price broke last LH - Entry at Fib 0.382 level - Price broke the descending channel Entry Level(Buy limit): 17.79 Stop Loss Level: 14.82 Take Profit Level 1: 20.76
US CPI NUMBER TODAY - EXPECT EXTREME VOLATILITY Sonos Inc - Medium Term - We look to Buy a break of 18.33 (stop at 16.59) Price action looks to be forming a bottom. Broken out of the Head and Shoulders formation to the upside. Bespoke resistance is located at 18.28. A break of 18.28 is needed to confirm follow-through bullish momentum. Although the...
Sonos Inc Short Term - We look to Buy at 15.55 (stop at 14.55) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. There is scope for mild selling at the open but losses should be limited. Support is located at 15.50 and should stem dips to this area. Dip buying offers good risk/reward. Although the...
Fundamental Analysis Sonos is a technology company, that specializes in the home audio, wireless and multi-room sound systems. It's major competitors are Bose, JBL, Harmon Kardon, Cabasse in the higher-end home speaker space. The firm sells a wide range of audio devices including connected speakers, subwoofers, soundbars for TVs and more. Sonos made a big...
It has maintained overperformance over the consumer discretionary sector (represented by XLY) but has lost some of its relative strength against it. It appears that the extra alpha and extreme overperformance is going to be back on SONO 's side based on the chart bottom chart where the relative strength is hitting a level that usually would result in a bounce...
Looking to see a run past $40 again for SONO. Much of the analysis presented in the graphs. So long as we do not get bond yield jitters, this stock should be able to move past the (lighter now) $40 resistance level since it crossed it several times even yesterday despite closing below $40 yesterday (02/25). I am very LONG ON Sonos. Own several hundred shares in...
NASDAQ:SONO broke out of its IPO, buy now or upon retest of the break out level of 23.7$ or slightly lower at the 20 MA. Its not easy to figure out the target, it already crossed the analysts average target and could easily hit the highest target of 30$ and even higher. I am in this trade without stop but a good stop level would be around 20$. Hit the like button...
Looking to establish June 30 Call as SONO is breaking higher. The company might be an acquisition target and contender to exiting players like Apple.
I think we get a retest of the 21 area before anymore upside. Looking for a small correction over the next week or two. I still like this long term, will be a good place to buy.
Stock is building massive momentum into earnings tomorrow - Keep in mind what kind of stock this is. They focus primarily on “at home” multi-room music systems. Where has everyone been the last 8 months?? I imagine a massive beat that gaps the stock near or above previous IPO highs. This is pure speculation. I will be playing the 12/18 20c’s. Good luck if you play!!
Trade triggered only if price breaks above $16.75 on 7/21. Enter with a stop limit. Place stop loss below the low of the resting bar at around $15.80
Looks like the runway is clear for a challenge of the $21 area. looking for a 9/13
3 Rising Valleys + Falling Wedge + Bullish Momentum + Time Frame Confluence
audio hardware company, rumors, nice chart. Picked up spot share basis 9.99$, stop 9.11$. Picked up 5/15 12.5c basis .14$, 5/15 15c basis .1$, 6/19 15c basis .09$.
This chart combines Elliott Wave Theory and Fib Retracement Theory. Sonos is Up 65% YTD and may have a chance to go up 100% on next years chart. Great Speakers. Could end up getting bought out. Their Operating Income and Net income loss has slowly been decreasing over the last 4 years and 2020 may be their first profitable year. I believe that Fair value on this...
Price has been accumulating on SONO for a little under a year now. Note the MACD divergence with price (basing/increasing). Intermediate to long term bullish.
check out HVN at current price, may distribute down below but company is turning around management + new innovations