SONA Looks like its ready to break out of consolidation after a recent spike up in the last month.
Ill be watching the current support level at around $1.62 and try to enter as close to that price as possible.
Still quite a hot sector as this company focuses on administering Covid 19 tests as well as other Lateral Flow Tests which are used in various industries.
They recently got their covid 19 test approved for use in the EU at the end of December, and could possibly be the reason this spiked up around that time from $1.14 up to +$4.00.
Lots of potential upside left on the chart from a technical view.
I'm personally looking to only play the breakout and exit at around $2.25 or so, however that may change depending on momentum and how well it breaks out (if it does) of this bull flag/wedge.
Goodluck Traders! Please leave your comments below if you are looking at this as well!
Ill be watching the current support level at around $1.62 and try to enter as close to that price as possible.
Still quite a hot sector as this company focuses on administering Covid 19 tests as well as other Lateral Flow Tests which are used in various industries.
They recently got their covid 19 test approved for use in the EU at the end of December, and could possibly be the reason this spiked up around that time from $1.14 up to +$4.00.
Lots of potential upside left on the chart from a technical view.
I'm personally looking to only play the breakout and exit at around $2.25 or so, however that may change depending on momentum and how well it breaks out (if it does) of this bull flag/wedge.
Goodluck Traders! Please leave your comments below if you are looking at this as well!