$SNDK still looks good, just trading the bands for now
I've been watching $SNDK for a few weeks. I missed the early part of this move, only noticed it after it was already trending.
Right now, I'm not digging into the big picture. The chart is telling its own story.
On the daily chart, it's been steadily making new highs and lows. What stood out was how clean the pullbacks were. Every time it dipped, it found buyers fast and didn't lose its shape.
I got in with a typical Bollinger Band pattern. Price came back into the 20-day, bands tightened, then expanded and started pushing back up.
I didn't jump in at the breakout. Waited a bit to see if it held, then bought on the way back up.
I've got around 1800 shares here, started building late January on that pullback. Still not all in.
Right now it's near the upper band. From experience, that can keep going longer than expected, but it also means entries get worse if you're late.
I'm just watching the middle band. If it keeps holding, I'll stay in. If it starts dropping below that, I might cut back and wait.
There's also that recent consolidation area below that might get tested if it loses steam.
Could be wrong here. Just going with the structure.
Did everyone catch this rally? Managed to take some profits?