Simple Trading SONC As of Close 11 December 2015

SONC W As of 11 Dec 2015 Close


Current Trend (W): Up

Abv/Below Value Zone: Above

Next Scheduled Report Date: 4 December 2016

52 Week High: $36.73

52 Week Low: $22.72

Current Relevant Resistance: $34.23

Current Relevant Support: $26.75

Recent Close: $30.27

Comment: SONC is well structured for a potential bounce… notwithstanding the “feel” of the overall market.  Look for long entries and stop levels on lower timeframes unless price breaches $26.75 to the downside at which point it will be time to leave SONC alone for the time being..

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