Bullish Continuation
Aktualisiert
SYF has been moving above the 200d SMA, indicating that the prevailing uptrend is still intact. We notice a breakout above of the symmetrical triangle pattern suggesting further movement to the upside . As such, the stock may head north to test the next resistance of 0.44, followed by 0.48. A strong bullish movement could push the price higher to 0.57. Meanwhile, a reversal below support S2 at 0.325 would negate this expectation.
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
Anmerkung
Hit R1 with overbought condition seen on daily Stochastic. The share however remains Bullish
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