Interesting price action the past 2 days that has taken this...

Interesting price action the past 2 days that has taken this stock to an important price point on the charts. As per the chart below, the line drawn has been an important support and resistance level for SNS over the past 3 years. It is now hard up against that line and so, should it break and hold, would signal a long-term trend change.

The potential for a trend change is also indicated by the price vs MACD divergence - Price = lower low between June 2022 and June 2024 whereas MACD displays a higher low between these two points, which is another often seen trend change signal.


If they can now back up the positive change in financial position (positive cash flow QTR in Q4) with FY25 guidance that suggests more of the same (and accelerating), that would be the impetus to push this price along over the next 6 to 12 months.