Largo
Senior (SNR) Long
SNR is coming off a range support.
Price has been ranging since 2021 and has formed a horizontal channel between 115 and 185.
I expect price to make a move to the range resistance area and possibly break higher.
From a fundamental point of view:
✔ Revenue has increased year-on-year
✔ Gross and net profit margins are steady
✔ The company has sufficient cash and assets to meet its liabilities
My only concern is margins are tight. If margins fall any lower, I will immediately close my positions.
Price has been ranging since 2021 and has formed a horizontal channel between 115 and 185.
I expect price to make a move to the range resistance area and possibly break higher.
From a fundamental point of view:
✔ Revenue has increased year-on-year
✔ Gross and net profit margins are steady
✔ The company has sufficient cash and assets to meet its liabilities
My only concern is margins are tight. If margins fall any lower, I will immediately close my positions.
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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.