123Tom's TA study group

[123tom]

SYN...looks weak

I bought the trade when it pulled back to 70....and after it waffled there for a bunch of days going nowhere, I aborted it and got my money back. glad I did as it fell to 55. SYN bounced from there but now is falling right back down again. For SYN not to hold its long pullback at the 200ma around 70 when it had the chance was a show of weakness. and it looks weak now. You'd think that the slam down to 55 that bounced back up would be holding support now better than it is.I don't know what the science is behind the chart,but the resistance at the 50ma and target zone around 75.80 looks like an exit zone to me.