- 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
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Summary
- Short term buy
- Watch closely to catch the first leg of shorts
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