Are You Trading SYMC? Consider This…
Last
week I identified SYMC as a stock facing a critical price decision zone.
Was that price zone important? I guess so. It has been stuck there the entire
week! At this point I’m flexible to play either side of the stock. If it breaks
out above this current week’s high I’m ready to be an “owner†and ride the Air
Pocket up to 54. However, if it falls below 47.20 I’m ready to “sell ‘em†with
an initial downside target of 43 to 44. For now…the parameters are the same as
last week. We are at the .786 retracement of the current high, and have
completed a 5 wave series into this price resistance area. Be
agile…mobile…docile, or plan to get dog piled! Rrrrrrrrrrough!
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Tear ‘em up!
Derrik