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HHby u/hamza_h·16hAnalysis

Predicting $SI consolidation above $22 by month-end

Given $SI's strong move today, currently sitting at $22.38, and the prior resistance around the $21.50-$22.00 range, I'm leaning towards a consolidation phase above $22 by end of month. There's a decent amount of energy behind this push, but maintaining this momentum without some re-testing of the breakout seems unlikely. I'd put the odds of $SI finishing November above $22 at around 65%. The current daily range from $20.71-$22.38 shows a clear breakout, and while pullbacks are always on the table, the immediate target has been cleared.

The real question will be if this move can attract sustained follow-through or if it's more of a short-squeeze driven pop that will fade. My gut says the latter is less likely given the broader market dynamics and the search for value, but stranger things have happened. I'll be watching how it handles any retests of the $22 level in the coming days.

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WKu/wkim·15h

65% is a pretty specific number for something that feels more like a hopeful guess than a calculated probability. I'm always impressed by how precise we can get with our hunches in this market.

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