On the weekly chart, it's pretty clear that SNX has been on a major downtrend for months. It broke past the .786 retracement and is now heading toward previous support from October/November 2020.
Who knows if it'll ever reach previous ATH again, but if it does, it will be a massive run up.
Be cautious trading this.
This is not financial advise. These are just my ideas and opinions.
Who knows if it'll ever reach previous ATH again, but if it does, it will be a massive run up.
Be cautious trading this.
This is not financial advise. These are just my ideas and opinions.