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Sniace: the bearish channel seems drawn with square and bevel

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Point bounces apart as a result of extreme overselling, there is nowhere to catch Sniace titles. The trend is bearish in all terms.

Technical analysis
BEARING CHANNEL
S1
0.0551
S2
0.045
R1
0.0699
R2
0.08

Short term

Medium term

Long term

Sniace It is a title that today and from the point of view of technical analysis there is nowhere to take it. He is bearish in all terms. Proof of them is that we have him at the gates of the historic lows he scored last week, intraday, at 0.0551 euros. In addition, just look at the weekly chart since the end of 2016 to realize how impeccable the bear channel for which the price has been shifting since then. And now, bounces apart, the truth is that the logical, most likely, is that it ends up heading towards the base of it, by definition important support. At this time the base of the channel goes through the environment of approximately 0.0450 euros. Actually and only the price at which the company quotes tells us everything.

Sniace weekly chart from

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