SNOWMAN still strong after Christmas

Here is my analysis provided on SNOWMAN logistics. If we see a retracement and sustains then it can make a move on the upside around 5%, then facing liquidity levels. If it sustained past that then Monthly liquidity could likely be swept. On the downside, failure of retracement can suggest more downside. This stock is likely to benefit from the fall in oil prices recently, further pushing the bullish sentiment. If retracement is sustained and it starts going up then do consider entering the trade. Overall seems like a higher probability trade continue monitoring.

This is not a buy sell reco, DYOR SNOWMAN

Trade stängt: målet nått