$SENX - Reversal for upside of +12% to +40%

3 באוג׳ 2022

Technical Analysis

• Weekly William %R and RSI are oversold.
  
• Daily channel being created with resistance at 50EMA>
  
  Scenario 1 - BUY
  Breach of 50EMA and uses it as support.
  
  Scenario 2: - SELL/WAIT
  Bounces off 50EMA as resistance and come back down to create a higher low.
  
  Based on the technical environment and high William %R I expect scenario 2 to happen with high low being used to propel price upwards and for a push to $13.75 to $18.50>
  
  Price Target
  Entry: $12.30
  Target 1: $13.75 (+12%)
  Target 2: $18.20 (+40%)
  Analyst Target: $61
  
  Fundamental/Financial Analysis (FA)
• Strong financial metrics and passes quality screen.