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Showing posts with the label Sakari

VSA Analysis on Sakari

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Above is a technical analysis chart on Sakari. I have given out on looking @ sakari due to its volatility after its share price dropped below $2.00. A lot of times, its share price is just eccentric and you just can't seem to know what is exactly going on. However, I have to take a closer look when some of my client's does purchase it  around 1.2- 1.3. Trading this counter reaps good reward, both positive and negative returns easily =[ Below is analysis of Sakari using VSA. How it was set up before it exploded. Everything is explained over there. Where do I think Sakari is heading to now? Been observing Sakari price today. When i mean observing, i mean scrutinizing its bid/ask spread and the queue tracks. The countless withdraw and fake shorts that the SM has did to drive the price even lower. Monday was considered a rally for us after Friday's excellent US/EU closing. Without a doubt, most counters will gap up and SM will definitel...

Sakari - Potential Breaking Out or Slump Continuation

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To my readers, Attached above is a chart for Sakari. Sakari has been on a very strong decline recently, ever since the expiry of their warrant (more than 1 month back)  Then, the warrant strike price was 2.7 and it pushes sakari to its high at around 2.7ish and 2.6ish for that week Since then sakari has been on a slump as you can see. Looking at the chart, Sakari has been trading on a decline, chart above is H1. However, possible scenarios will be trend breaking, coupled with strong volume to push its current price out of declining trend pattern formation.  Alternative scenario will be ( look at picture 3), where it could possibly retrace and touches it fibo retracement support at around 1.97-2 dollar, then we can really take at another look on Sakari. So, where will you be if you are keen on some Sakari play? Have this counter on your watch list as this high beta stock can potentially give you a good ride!!