Hitiing support with positive sentiment
The Simply Good Foods Company hasn't moved too much today but is slightly up, only up 0.97% since yesterday. It looks like SMPL may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. In addition to being near an angled support line SMPL is near a decent horizontal support line. It may find support at this level and bounce upward. Momentum wise The Simply Good Foods Company , hasn't been very high in either direction over the last 3 month. So hard to say what it will do here.
If the price bounces off of the support and moves up it'll probably head up to the $36.4 level, at which point it may hit some selling pressure. If it fails to bounce off this level and breaks down lower, it will most likely find the nearest support a the $31.09 at which point, it may have a chance of recovering from there.
Check out Neurlasys for free daily trade picks based on a confluence of technical and sentiment factors along with great market analysis.
If the price bounces off of the support and moves up it'll probably head up to the $36.4 level, at which point it may hit some selling pressure. If it fails to bounce off this level and breaks down lower, it will most likely find the nearest support a the $31.09 at which point, it may have a chance of recovering from there.
Check out Neurlasys for free daily trade picks based on a confluence of technical and sentiment factors along with great market analysis.