No arguement with that. My less than clairvoyant read of the tea leaves http://stockcharts.com/h-sc/ui?s=SYN&p=D&yr=1&mn=0&dy=0&id=p64018233521. Possible .80-.82 is now a bottom. Potential temporary top of .93-96 (Nov 15 HOD) for las retrace to pivot on before working on the gap fill. The Nov 23 candle with .89 high and .82 low is also significant for current support resistance action and is the active zone right now. Trading today will give more information as to testing support or resistance in that zone. Volume today will be something to watch as well. Closing over .93 and gaining support of volume bar will signal the next higher potential target to 1.15. Course news will trump this either direction depending on whether positive or negative.
Based on your evaluation I would bet you have already identified all this. Personally, I don't want to miss the gap fill, so .80's are fine and a dip into .70's would create a positional add zone (subject to a change in fundamentals, which I don't anticipate). Seeing some dip before breaking up into gap has high odds as you know or you wouldn't be will to wait.
Would be nice if SYN acts like your MD*A.
Best wishes for Green to you all SYN'ers.
Disclaimer to board: All the above is merely opinion and not intended for anyone's use or trading. Seek a competent professional for trading advice, which I am not.
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