Sonic shares close to breakout catalyst at $31.50, traders are nervous
Source: CoinWorld
Time: 2025-09-14 15:12:16
Sonic Corp. (SONC) presents a potential bullish Galilee harmonic pattern, approaching a key breakout around $31.50. The stock has formed key Fibonacci levels at $25.80, $27.30 and $29.10, with rising volumes and narrowing consolidation indicating strong buyer interest. Analysts recommend waiting for confirmation to break through $31.50, with the stop loss position near $26.40. After a successful breakthrough, the target price could be $34.00 and $36.50.