Sonic’s rally has a money flow problem – THIS level decides what’s next for S

Key Summary

Sonic's [S] rally is at risk due to a money flow problem, with a key level of resistance ahead. According to indicator analysis, a bullish pattern is possible, but significant risks remain. The asset is trading in a cup and handle pattern, which often precedes a rally, with a neckline resistance level ahead. A surge above this level could imply sufficient market momentum, with two potential targets: $0.049, 15% above the neckline, or $0.0586, 35% above. The MACD indicator is attempting to form a Golden Cross, but the Money Flow Index (MFI) remains conditional, indicating a rally remains broadly at risk.