SONATA SOFTWARE BREAKOUT, BROKE ITS ALL RESISTANCE IN ONE CANDLE
Sonata software is a small cap stock, probably thatswhy rally came slightly later. In previous day session it has broken
1. its long term trendline resistance
2. its recent swing high zone
3. absorbed the whole candle of 31 Aug 20
Currently above 200dma and breakout came with good volume.
Buying near 330 can be a good bet, SL 320 First target 350-352.
1. its long term trendline resistance
2. its recent swing high zone
3. absorbed the whole candle of 31 Aug 20
Currently above 200dma and breakout came with good volume.
Buying near 330 can be a good bet, SL 320 First target 350-352.