SQNS trade ideas
$SQNS can rise in the next daysContextual immersion trading strategy idea.
Sequans Communications S.A. develops and provides 5G and 4G chips and modules for massive, broadband, and critical Internet of Things (IoT) markets.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $4,61;
stop-loss — $4,31.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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SQNS PT: 4.51 within the next 3 monthsThe arbitrage band's rsi line has reached the bottom of the band and leveled out.
We also have a green flag signaling the beginning of an up trend.
The advance level on arbitrage level just crossed the 0 line which means our arbitrage band is finally also pointing up
Arbitrage Tick is also signaling a new higher high with Green crossing over red on the daily chart
pennies to thousands candidategood candle daily good money flow
semiconductor indutry
read our book chapter 7 on money management
SQNS Momentum play above $2.50, bull flag formingSQNS
Above $2.50 can run to $2.75, $3.00 and $3.30 before earnings
SPike last year and bull flag forming
