Friday, June 24, 2016 5:55:20 PM
If it's a good company, buy fear and sell euphoria.
Counting after market volume today was 10 times average and price on a huge IBB and market down day was only down .06.
http://stockcharts.com/h-sc/ui?s=SYN&p=D&b=5&g=0&id=p23211800210
1.65 would make a nice bottom.
A really nice volume bar right at the close. Note last 4 days with yesterday a 200 point up day and then today over 600 down on Dow.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=syn&x=49&y=11&time=3&startdate=1%2F4%2F1999&enddate=6%2F24%2F2016&freq=6&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=2&maval=9&uf=16&lf=268435456&lf2=2&lf3=1024&type=4&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
Now let's move out to the weekly.
http://stockcharts.com/h-sc/ui?s=SYN&p=W&b=5&g=0&id=p73023231974
Not out of the woods by any means, but 1.61 would make a nice retest low if 1.65 doesn't hold. Hopefully, would be just quick test with close at or near 1.65 if not higher.
A lot will depend on market, people's reaction Monday and potential emotional factors (particularly fear). With everything the company has I would be surprised if it broke the the low 1.30's support.
No perfection in that, just what the odds favor IMO only.
Buckle up and return your seats to their proper and upright position, it could be bumpy )or not), next week.
SYN
Good luck to us all.
SYN
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