SYF has been moving above the 200d SMA, indicating that the prevailing uptrend is still intact. We notice a breakout above of the symmetrical triangle pattern suggesting further movement to the upside . As such, the stock may head north to test the next resistance of 0.44, followed by 0.48. A strong bullish movement could push the price higher to 0.57. Meanwhile, a reversal below support S2 at 0.325 would negate this expectation.
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
Comment:
Hit R1 with overbought condition seen on daily Stochastic. The share however remains Bullish