$SNX SNX: High-level fluctuations, bearish signals have emerged!

Hello everyone, today I will analyze the trend of SNX.

From the chart, since October last year, SNX has been fluctuating in the range of $4.5 to $3, forming a large central zone. Recently, although the price has broken through the central zone, the momentum is clearly insufficient, and the trading volume has not effectively increased, leading to divergence.

Analysis from the perspective of Chan Theory:

Weak upward movement: After breaking the previous high, the upward movement is obviously weak, failing to create a new high, and accompanied by a decrease in trading volume, forming a top divergence.

Central zone not effectively broken: Although the price has broken through the upper edge of the central zone, it has not stabilized, making the possibility of a false breakout quite high.

Downward confirmation: The price is currently pulling back down, breaking below the previous high point, confirming the end of the previous upward movement, and forming a downward movement.

Overall, SNX's current trend is weak, and bearish signals have emerged.