SONOSsonos,
looking for a break out from previous highs.
a pullback at dubbel top most likely to happen.
but its good over all!
good stock good products.
safe all...
Stone
SONO trade ideas
SONO - Persistent UptrendI think SONO's momentum looks good and it should resume higher, maybe to new highs. Options are cheap now. Thinking of doing the Sep24 $44c for .75
Sono correction possibilitiesYou can probably count this a different way, but I believe the current yellow situation is likely - if not then red situation. there are alot of running flats, no matter how you count it.
SONOSolid move so far. Google news probably pushes this to new ath early next week then $51 if the breakout holds.
SONO gaped up after earnings!SONO gaped up after earnings with massive volume coming in.
I expect the price to go sideways in the coming week holding $36.60 as support before moving higher.
Look for buying opportunities around $36.60.
Alternatively, you can buy now and dollar cost average around this area as this is a good long term hold as well.
SONOSolid earnings report judging by the after hours action. $38 was first target but closed above it after hours and looks like it wants higher. $45 next then $51 depending how it handles $38.
SONO - Sitting at a good support levelThis company has been sitting out of the limelight for quite a while. It's retraced a previous gap and now its sitting firmly on a fib support line + somewhat strong ascending support line.
NEW POSITION $SONO Target 40.35 for 21.24% $SONO Target 40.35 for 21.24%
Or double position at 26.21
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
$SONO Gartley Pattern w daily Inside bar $SONO Set up, Daily inside bar at trigger, Stop & 3 take profit, Tp 1 my stop is moved to break even, aiming 1 & 2 only here,
Sonos ThoughtsNew to this world so hoping for constructive feedback on my early days of analysis....
Realtively short channel in place with a cup and handle evident. Based on the cup depth and channel , 47-48 may be in play.
Not advice, only a personal view.
Thoughts or comments appreciated.
SONO strong planned movement+90% up for a quarter, between earnings.
Put/Call Open Interest Ratio 0.26
Fantastic stock!
SONO Reversal: Likely Return to $40+ After OpenLooking 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 equity (not planning on selling) and dozens of options positions that I day trade based on reversal signals, RSI, and profit-seeking behavior that day. Usually sell the more volatile, shorter-intermediate term contracts at high volume, high open interest, and ITM or near-ITM. Look to June $40 and $45 calls.
Also: hurray to my first post!
SONOS breaking out of its IPO bottomNASDAQ:SONO broke out of its IPO, buy now or upon retest of the break out level of 23.7$ 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 please if you find this useful :)
This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
SONO, RSI Indicator left the overbought zone on Feb 03, 2021This is a signal that SONO's price could be shifting from an uptrend to a downtrend. Traders may consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked back and found 21 similar cases where SONO's RSI Indicator left the overbought zone, and in 21 of them led to a successful outcome. Odds of Success: 90%. Current price $30.40 is above $24.34 the highest support line found by Tickeron A.I. Throughout the month of 12/31/20 - 02/03/21, the price experienced a +27% Uptrend. During the week of 01/27/21 - 02/03/21, the stock enjoyed a +12% Uptrend growth.
Bearish Trend Analysis
The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Indicator may be shifting from an upward trend to a downward trend. Tickeron A.I. detected that in 22 of 31 cases where SONO's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 71%.
The Moving Average Convergence Divergence Histogram (MACD) for SONO turned negative on January 27, 2021. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 20 similar instances when the indicator turned negative. In 14 of the 20 cases the stock turned lower in the days that followed. This puts the odds of success at 70%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SONO declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 77%.
SONO broke above its upper Bollinger Band on February 03, 2021. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
