SYM eyes on $29.64: Dancing on a High Wire or a Launch Pad?

Oct 22

SYM made serious moves off the bottom.
Currently dancing on a semi-major fib.
This could be a good entry for next leg.

Early going will be tough with clear hurdles.
But we might be accumulating here to launch.
Late longs here could have SL just below fib.

$ 29.64 is the key level of interest here.
$ 30.56 - 30.87 will be first resistance.
$ 31.88 - 32.11 is a MAJOR resistance.

Break of MAJOR resistance should run strong.

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Nov 10

Trade active

BOOM (yellow area is from posting time)

Took off from our "Major Support",
and blew through "Major Resistance".

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Zoom in a bit (M15) with some notes:

Each of our bands has been nicely confirmed.
Also a couple of clean Pings on a Genesis fib.
ie: We can continue to count on our fibs/zones.

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Looking above:

$33.63-34.01 a minor but significant resistance
$36.09 is a Golden Genesis fib and worthy TP.
$31.88-32.11 below should be decent support.

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SUMMARY:
- Our fibs caught the bounce nicely.
- Currently at a minor resistance.
- Expecting higher after a small dip

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Nov 12

Trade closed: target reached

BOOM! 28% gains

First MAJOR target hit!
Golden Genesis fib at $36.09
Time to book some/all of the 28%.

Golden Genesis fib likely to cause pullback.
Let's see how the pullback develops for possible rebuy.

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