TrendingView Chart $SONM [NASDAQ]
Based on 15 technical indicators, the security is begining to demonstrate a bullish pattern.
Sonim Technologies Inc (NASDAQ:SONM) is a US traded security and has a focus on the Electronic Technology sector. The stock price is currently trading at US$ 0.7 with a daily price change of 0.00%. The daily volume is 754 and it is trading between a price range of US$ (High) / US$ (Low). Overall stock ticker $SONM is 90.48% down from the 52 Week High. Companies listed within the technology sector focus on either developing software or providing services related to technology, others categories include those that are more involved in building equipment, components, and hardware. Semiconductor producers also are considered a component of this group.
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90% of investors who trade in the stock market lose money. We researched top traders for months who were consistently making recommendations across various networks and raving across how these securities were going to keep increasing in value. These notifications however, were always followed by a massive decline in price resulting in stock chasers holding overweight positions at a loss. We came to the conclusion that manipulation runs deep across the market.
What we realized is that patterns tend to repeat. Whether you're trying to catch the ride up or down, with the right indicators and strategy, you can always benefit from identifying the breaking points in the pattern. Prior to releasing the first version of the product "ShortAlgo" (designed for shorting), we recorded every NYSE / NASDAQ / CBOE security which performed parabolic movements and found that a significant correction occurred in 98% of instances, usually resulting in the price adjustment of 28% of more by the next day session. For those 2% of instances a short squeeze would occur (stock keeps increasing in value due to excessive short interest), so we created a process for easily identifying these isolated instances.
Unlike other indicators who weigh 60% or more of their script on the Volume as a trigger, we rely on 15 unique indicators to identify trends in securities (Our weighting on Volume is less than 10%). Our studies have suggested that one does not require volume to support an advantageous and profitable position in the market. These are the same formulas used by HFT to consistently beat the market.