롱

Senior (SNR) Long

90
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.

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