from a pure chart picture, SNCR last dropped down to about a $ cheaper back in May...
IF you look at the chart pattern BEFORE that deep drop in May, it looks quite similar to the one that started around the 1st of Sept...
IF this pattern repeats, there will be an effort to try and rise, but it then flops to a deeper low...
and at the moment? I would be curious to see IF the pattern from mid March to early May repeats....
unless you know WHY that pattern occurred when it did and why Sept is looking like its trying to replicate what happened 6 months earlier.
and do note, if you do or just did catch the lows? And it repeats what happens afterwards, you could be looking at a 50% upside.... IF, IF, IF...
but until it finishes bottoming out? Its got the potential to drop some more... cause the current pattern does not show a buy setup... using my indicators...