From my perspective, SUMO is at support (50% of the entire move up) and showing an XABCD pattern. If this is correct, SUMO could go to about $28.50. Thoughts and feedback welcome.
@rp227, I appreciate it. If you scroll further down on the SUMO main page you'll notice that I second-guessed myself and saw the possibility of a head-and-shoulders on the 4 hour. Let's call this one beginner's luck : )
razerone
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It's important to keep an eye on price action as well as the patterns
Investroy
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Lovely chart, any more analysis coming?
razerone
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@Investroyllc, thanks for your comment. I appreciate it. This is my first chart. This is an active trade for me so I'll be updating it as I can. If you're interested in excellent technical analysis I would strongly recommend following @ScottBogatin He puts out extremely valuable content on a very regular basis.