both the 60 minute and the daily charts ARE very ugly. Personally, I never try to catch the falling knife, unless there is triple support or better.
what I'm seeing on the charts is support between $8.00 and $8.05 with the April 2nd/3rd pivot point. Hence, my limit order at $8.10
I will not buy on the way down otherwise.
If it breaks down below the support at $8, I'm afraid it could get real ugly, down to support levels at $6.44. With that said, I definitely do not expect it penetrate $6.44 without some terrible news.
Otherwise, If we get consolidation, support, and some positive movement, I will get back in, even if it means missing the bottom. In the meanwhile, I will keep an eye on SYNC and trade elsewhere.
all my opinion.
Andy
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