!!! "buy the dip" to "sell the rally.
Since the beginning of the second bullish leg in March, SNDK had respected a rising trendline remarkably well. Every pullback found buyers at trendline support, while the Daily EMA20 acted as dynamic support throughout the advance.
That bullish structure has now changed.
The stock has broken below the rising trendline, completed a textbook retest, and failed to reclaim it. At the same time, price has closed below the Daily EMA20, turning both the trendline and the EMA into overhead resistance.
Adding to the bearish case, clear bearish divergence is visible, suggesting bullish momentum has been fading despite previous attempts to push higher.
🐻 Bearish Factors
📉 Trendline Breakdown
📊 EMA20 Lost
⚠️ Bearish Divergence
Momentum weakened while price was making higher highs, increasing the probability of a larger correction.
🔄 Market Structure Weakening
The combination of a trendline break, EMA20 loss, and bearish divergence suggests buyers are losing control.
🎯 Bearish Scenario
➡️ As long as SNDK remains below the broken trendline and EMA20, I expect rallies to be sold into rather than bought.
🚧 Immediate Resistance: 1850
🚧 Major Resistance: 2000
🚧 Bullish Reversal Zone: 2350
🎯 Primary Downside Target: 1300
📉 If bearish momentum accelerates, an even deeper correction cannot be ruled out.
⚠️ What I'm Watching
👀 To invalidate the current bearish momentum, I'd like to see:
✅ A decisive reclaim of 2000
✅ A strong daily close back above the broken trendline
✅ A sustained move above 2350, confirming buyers have regained control
Until then, I view rallies as potential relief bounces within a developing downtrend.
❌ Bearish Invalidation
🟢 A decisive daily close above 2350 would invalidate this bearish thesis and significantly improve the probability of a renewed bullish trend.
💡 For now, the technical picture has shifted from "buy the dip" to "sell the rally." Unless SNDK quickly reclaims its lost support levels, the path of least resistance appears to be lower, with 1300 as the first major downside objective.
Since the beginning of the second bullish leg in March, SNDK had respected a rising trendline remarkably well. Every pullback found buyers at trendline support, while the Daily EMA20 acted as dynamic support throughout the advance.
That bullish structure has now changed.
The stock has broken below the rising trendline, completed a textbook retest, and failed to reclaim it. At the same time, price has closed below the Daily EMA20, turning both the trendline and the EMA into overhead resistance.
Adding to the bearish case, clear bearish divergence is visible, suggesting bullish momentum has been fading despite previous attempts to push higher.
🐻 Bearish Factors
📉 Trendline Breakdown
📊 EMA20 Lost
⚠️ Bearish Divergence
Momentum weakened while price was making higher highs, increasing the probability of a larger correction.
🔄 Market Structure Weakening
The combination of a trendline break, EMA20 loss, and bearish divergence suggests buyers are losing control.
🎯 Bearish Scenario
➡️ As long as SNDK remains below the broken trendline and EMA20, I expect rallies to be sold into rather than bought.
🚧 Immediate Resistance: 1850
🚧 Major Resistance: 2000
🚧 Bullish Reversal Zone: 2350
🎯 Primary Downside Target: 1300
📉 If bearish momentum accelerates, an even deeper correction cannot be ruled out.
⚠️ What I'm Watching
👀 To invalidate the current bearish momentum, I'd like to see:
✅ A decisive reclaim of 2000
✅ A strong daily close back above the broken trendline
✅ A sustained move above 2350, confirming buyers have regained control
Until then, I view rallies as potential relief bounces within a developing downtrend.
❌ Bearish Invalidation
🟢 A decisive daily close above 2350 would invalidate this bearish thesis and significantly improve the probability of a renewed bullish trend.
💡 For now, the technical picture has shifted from "buy the dip" to "sell the rally." Unless SNDK quickly reclaims its lost support levels, the path of least resistance appears to be lower, with 1300 as the first major downside objective.
Operación activa
fell from exact spot. Nota
Didn't I tell you guys :-DNota
SNDK did hit near 1300 today during pre market. Today's closing suggest SNDK has gone extremely bearish.
📊 Charts → 🏗️ Structure → 🎯 Probability =📖 Chart Story
⏳ Patience → 🚀Success
⏳ Patience → 🚀Success
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
📊 Charts → 🏗️ Structure → 🎯 Probability =📖 Chart Story
⏳ Patience → 🚀Success
⏳ Patience → 🚀Success
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.