Long
Buying Opportunity for $SDC
SDC is forming a diagonal led by an ascending trigonal into two bullish pennants (flag on the second). This stock has a large short interest and could pop off if it breaks the channel, but otherwise it still has large Elliott wave upside potential. Price target is listed at the top of the channel (C). Chart looks bullish and it took a small dip to the edge of the channel on the daily. This is the 2hr for more accurate lines and technical indicators.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.