Is SOUN likely to fill the gap from $16 to $21?
I’m still pricing in a move to $21 over the next couple of months, but here’s the short-term picture.
We gapped up on earnings and are struggling to clear the $14 volume profile block. With buying pressure still coming in, a push to $15 this week wouldn’t surprise me. Above that, there’s a big gap from $16 to $21 that I think eventually fills — but we could reject first and retest support.
In my main fund, I’m holding full size. In my short-term fund, I may take profits at $16 and look to add back if we reject.
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