Feb. 3 at 2:23 PM
$SNDK Trade Review
SNDK offered an another pretty nice long setup on 1/27 as it was breaking out of its mini flag that it was forming. You can buy this one using the ORB strategy and buy as soon as it breaks the first 5 min candle HOD. So buy when 5 min candle gets taken ou with SL at LOD.
This was a great long setup on the daily chart as well because this name has been in a very strong uptrend and looks good for next leg up. The strongest names usually continue to go higher after the first big gap up so let's see how well this does.
This is a very common theme and something you would notice if you have been in the markets for a while now. Anyways, this was a great long and I think this one is acting like a true market leader and has a lot of future upside.
No more overhead resistance on this one as it is making new all time highs, so this has a lot of room to run now and next leg up is just getting started. Very strong memory name and this theme has been hot for quite some time now.
