Long
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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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.