$SoundHound AI (SOUN.US)$ If we end the day above 2.14 i think we go back to test 2.42.
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$SoundHound AI (SOUN.US)$
Looks like we are headed to yellow line at 1.88.
Looks like we are headed to yellow line at 1.88.
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$SoundHound AI (SOUN.US)$ We need to break above 2.14 and hold on the daily before Im bullish on this again. Im looking to get back in around 1.80
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$SoundHound AI (SOUN.US)$
Heres my chart of SOUN. As you can see, we have mixed signals and price is consolidating between 2.08 and 2.42. We need a clear break of one of those levels to see where we go next. My down target if 2.08 breaks is 1.88, and my upside target is 2.66 if 2.42 is broken. Remember, VOLUME CONFIRMS PRICE ACTION, so we need volume as well! Also, the more that supply is touched the weaker it becomes. Its like a jackhammer breaking pavement, it will eventually give way and break...
Heres my chart of SOUN. As you can see, we have mixed signals and price is consolidating between 2.08 and 2.42. We need a clear break of one of those levels to see where we go next. My down target if 2.08 breaks is 1.88, and my upside target is 2.66 if 2.42 is broken. Remember, VOLUME CONFIRMS PRICE ACTION, so we need volume as well! Also, the more that supply is touched the weaker it becomes. Its like a jackhammer breaking pavement, it will eventually give way and break...
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$SoundHound AI (SOUN.US)$ Back to 1.88 we go
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$SoundHound AI (SOUN.US)$ Also, NVDA has earnings tomorrow so this could run with it a sympathy play.
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$SoundHound AI (SOUN.US)$ 2.42 is next resistance.
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$SoundHound AI (SOUN.US)$
Nice bounce, looks like 2.08 is support for now. Be wary tho, the RSI on the daily is getting into overbought territory, i would expect some pullback soon, maybe next week.
Nice bounce, looks like 2.08 is support for now. Be wary tho, the RSI on the daily is getting into overbought territory, i would expect some pullback soon, maybe next week.
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$SoundHound AI (SOUN.US)$ What we dont want to see today is a rejection at 2.30. That would give us a potential double top. The DT would be confirmed if after rejecting 2.30 and falling under the neckline at 2.07. Stop loss set at 2.05. Thats the bearish case. On the other side, if we break 2.30 with strength, next resistance is at 2.42.
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