SYM eyes on $29.64: Dancing on a High Wire or a Launch Pad?
SYM made serious moves off the bottom. Currently dancing on a semi-major fib. This could be a good entry for next leg.
Early going will be tough with clear hurdles. But we might be accumulating here to launch. Late longs here could have SL just below fib.
$ 29.64 is the key level of interest here. $ 30.56 - 30.87 will be first resistance. $ 31.88 - 32.11 is a MAJOR resistance.
Break of MAJOR resistance should run strong.
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İşlem aktif
BOOM (yellow area is from posting time)
Took off from our "Major Support",
and blew through "Major Resistance".
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Zoom in a bit (M15) with some notes:
Each of our bands has been nicely confirmed.
Also a couple of clean Pings on a Genesis fib.
ie: We can continue to count on our fibs/zones.
.
Looking above:
$33.63-34.01 a minor but significant resistance
$36.09 is a Golden Genesis fib and worthy TP.
$31.88-32.11 below should be decent support.
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SUMMARY:
- Our fibs caught the bounce nicely.
- Currently at a minor resistance.
- Expecting higher after a small dip
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