Note: This is not an investment advice but my opinion alone. Please feel free to comment.
The chart for sens looks to be forming a Head and Should Pattern and we are currently in the right shoulder stage. With earnings already pre-announced and guidance low compared to consensus, I wouldn't be surprised to see a sell off after earnings this week.
I had hoped the 5 year RSI would have gotten to oversold territory during the last sell off in October and that would have giving us a strong base of new buyers but that did not happen
The recent run lead me to take a deeper look at the chart after having pre released lower than expected 2019 revenue guidance.
I definitely hope all of the above is wrong that the stock actually heads higher as I have been long and continue to be long, but the current financial state of the company is negative.
The chart for sens looks to be forming a Head and Should Pattern and we are currently in the right shoulder stage. With earnings already pre-announced and guidance low compared to consensus, I wouldn't be surprised to see a sell off after earnings this week.
I had hoped the 5 year RSI would have gotten to oversold territory during the last sell off in October and that would have giving us a strong base of new buyers but that did not happen
The recent run lead me to take a deeper look at the chart after having pre released lower than expected 2019 revenue guidance.
I definitely hope all of the above is wrong that the stock actually heads higher as I have been long and continue to be long, but the current financial state of the company is negative.
