$SNX – BEARISH RETEST BEFORE FURTHER DROP
$SNX has failed to sustain above the $1.42–$1.45 zone after a sharp breakdown from its recent high near $1.72. The current move shows a weak recovery attempt facing resistance around the same breakdown level — indicating a classic bearish retest setup. Unless the price reclaims $1.45 with strong volume, sellers are likely to remain in control.
Trade Setup:
Short Entry: $1.420 – $1.435
Target 1: $1.390
Target 2: $1.360
Target 3: $1.325
Stop Loss: $1.455
Outlook:
SNX remains under bearish pressure with lower highs and weak bounce attempts. A rejection near $1.43 may trigger another leg down if momentum fades.