SBA Communications Corp (SBAC) is falling sharply today. On a bigger view, the stock has been trading in a range for years, respecting quarterly lows like clockwork.
Let’s look back:
- Oct 2023: Price hit the previous quarter low → bounced back up
- May 2024: Hit the quarterly low again → bounced
- Jan 2025: Another touch → another bounce
History suggests that when SBAC touches this level, positional traders could see 20–30% gains. Sounds tempting, right?
But here’s the subtlety: each previous bounce didn’t happen immediately. Price consolidated, formed a double bottom or W pattern, and only then moved higher. Right now, there’s no bullish setup yet, so entering now is risky — think “falling knife.”
Happy trading !!
Arup MSP
Creator of Pivot Mastery (The Practical Way to Understand Market Context)
Follow on X – https://x.com/MSP_Traders