SentinelOne: Respecting the Uptrend and Seizing Rebound

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SentinelOne: Respecting the Uptrend and Seizing Rebound SentinelOne, Inc. Class ABATS:SPowerOfTrendHello everyone, Taking a look at the daily (1D) chart for **SentinelOne (NYSE: S)**, we can clearly see the structural strength of the price action and its strict adherence to a strong ascending channel. The stock is perfectly respecting both the lower and upper boundaries of this channel, confirming the continued dominance of the medium-term uptrend. **Expected Scenario & Upcoming Price Action:** * **Interest Rate Impact (Tactical Correction):** As indicated by the blue arrows on the chart, it is highly likely that we will see a temporary downward wave or price volatility in reaction to upcoming interest rate decisions and market anticipation. This expected dip will serve as a retest of the pivotal support zones (highlighted in green) around the **$20.50 to $22.00** levels. * **Resuming the Uptrend (Price Strength):** Given the robust current price structure and the clear buying momentum driving higher lows, we expect these support zones to successfully absorb the negative impact. Once this correction is complete, the stock will likely use the lower boundary of the channel as a strong launchpad to resume its bullish trajectory. **Sell Targets (Sell Zones):** With the anticipated rebound and continued respect for the trend, we are targeting the following levels, which align with the natural extension of the ascending channel: 1. **First Target (Sell Zone 1):** Near the **$27.00 - $27.50** levels. 2. **Second Target (Sell Zone 2):** Near the **$31.00 - $31.50** levels (approaching the upper boundary of the channel). **Conclusion:** Respecting the trend is key here. Any pullback driven by interest rate news that remains within the channel represents an excellent opportunity for long repositioning, provided the price maintains its footing above the specified support zones and keeps the bullish structure intact. Let me know your thoughts in the comments—do you agree with this scenario? Happy trading everyone! 📈