lauralea

Cup and Handle

Long
NYSE:SNX   TD SYNNEX Corporation
This stock broke off from Concentrix (now trading as CNXC ) several weeks ago..so now it is on it's own. Considered undervalued by some which is unusual in this arena.

NV is up there as well as obv. Short interest is low.. Small pull back earlier today and I got a little paranoid ..lol..but on TOS , they still have this as a big gap down from when the two separated. So maybe they are giving SNX a new price and chart all of it's very own as it has changed on TradeView to reflect the split. So on here I no longer have a huge gap over price but I need to find out what is up. Usually TOS changes their charts fairly quick when a stock splits etc..

You can pick a level as this one has already made it to the 0.382 level but is now right under it. I love how the price is on the fib level chart (o:..saves me from calculating targets but sometimes I still do..lol. You have to calculate 100% so that you can put this fib table in the right place with "1" lining up with 100%.

So you find the cup low (easy), then find the handle (not always easy) find the cup high and add a little to it. Calculate cup depth and off you go! Plus you need to feel fairly confident the stock is not gonna crash out (Not so easy)
Not a recommendation




SYNNEX Corporation provides business process services in the United States and internationally. It operates in two segments, Technology Solutions and Concentrix. The Technology Solutions segment distributes peripherals; information technology systems, including data center servers and storage solutions; system components; software; networking, communications, and security equipment; consumer electronics; and complementary products. It also provides systems design and integration solutions, build-to-order, and configure-to-order assembly capabilities; logistics services that include outsourced fulfillment, virtual distribution, and direct ship to end-users; cloud services; online services; and financing services comprising net terms, third party leasing, floor plan financing, and letters of credit backed financing and arrangements. In addition, this segment offers marketing services, such as direct mail, external media advertising, reseller product training, targeted telemarketing campaigns, trade shows, trade groups, database analysis, print on demand services, and Web-based marketing. This segment serves resellers, system integrators, and retailers. The Concentrix segment offers a portfolio of strategic solutions and end-to-end business outsourcing services focused on customer experience, process optimization, technology innovation, front and back-office automation, and business transformation services. This segment serves clients in various industry verticals, including automotive; banking, financial services, and insurance ; energy and public-sector; healthcare; media and communications; retail and e-commerce; technology and consumer electronics; and travel and transportation. The company was formerly known as SYNNEX Information Technologies, Inc. and changed its name to SYNNEX Corporation in October 2003. SYNNEX Corporation was founded in 1980 and is headquartered in Fremont, California.
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