Traders are watching this Falling Wedge on SNX. Inspect the chart now.
Reversal pattern. Price likely to break upwards.
Reversal pattern after a downtrend.
SNX is showing interesting structural developments at $0.28. Price has moved to $0.28 (0.04%) amidst recent volatility. The primary technical feature is a Double Bottom formation. This setup is supported by average volume turnover. A potential breakout level is identified at $0.34, targeting $0.4 with support near $0.3 (R:R 2.0).
What is your outlook on SNX?