Island Gaps and Hidden Accumulation: SONO

3月27日

SONO has a lot of Island gaps and another just in the past few months.

The compression of price into a sideways trend is a good pattern.

Also, the black candle that drops below the consolidation and the white candle the next day is a pattern to pay attention to. This means there is some hidden accumulation from Dark Pools at this new higher level of price. Institutional holdings is strong at 85%.