Tuesday, September 10, 2013

SYMC update 9/10/2013

  • I remember from back in 2006 that SYMC responds well to technicals
  • Overall SYMC is a shit stock from what I understood
  • However, despite any bad fundamentals strong technicals could prevail in the short term
  • Gaps like this usually don't lie and is in tact with overall recent uptrend ( see below)
  • Break in resistance, profit covering --> back to support
  • We looking at green buy zone
Nice, trend dude:

  • Given the nature of the STRONG trend from June last year... its possible the above scenario would need to be a short term buy. Enough to get you over 27 for sure. 
  • If you believe in Waves, this trend looks like its going to collapse
  • Short term buy
  • Watch closely to catch the first leg of shorts

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