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SNX recently experienced a quite notable correction. I notice that the price is approaching an important convergence level—where this confluence of pricing is formed by a strong demand zone and a long-term upward trend line.
The interesting part is that when the price hits this area, the likelihood of a positive reaction is quite high. I am paying attention to find buy-the-dip opportunities in the main trend direction. The structure remains intact, with no signs of a breakdown.
Today, SNX is up +2.51% in 24 hours, trading around $0.31. If this confluence of pricing holds steady, the next rally could be coming soon. Stay tuned, 👀