lauralea

Symmetrical Triangle

NASDAQ:SYNA   Synaptics Incorporated
Earnings 8-5
Short is high/Possibly because of the Gaps below
Has already fallen a measurable amount from prior Rising wedge before take off to where it is now
I hate gaps so somewhere under 73ish, I may consider getting in, but then I do not know if gap at 64ish, which looks like a fill, barely, would come back to haunt me
Triangles are calculated by the width..so 44 and 84ish..equals 40 from B/O
But you have to use common sense and think about earnings as well etc. It is symmetrical so could have gone either way. It obviously chose UP. Even an ascending triangle can break to the down, and this one is not an ascending triangle..just feels good to have an ascending triangle on the chart I guess. PE is great for tech/No dividend that I can see
So a 50% target would be 93 (which is above yearly high)... a 100% target would be 113ish using 73ish as break out. With this one I would wait until gap is closed and be happy with a 93ish target. If it gets there..then I can re-evaluate. Plus the stock would have to beat earnings on 8-5 which it does not do like clock work/known to miss. All time high is 102.5 I will wait until after earnings to do anything..and breaking prior yearly high is another task as well for this one (84.75). I weigh this all out..tells me to wait..LOL. I am rambling (o:




Market Cap 2.6 B
Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers ClearPad, which enables users to interact directly with the display on mobile smartphones, tablets, and automobiles; ClearView products that provide advanced image processing and low power technology for displays on electronic devices, including smartphones and tablets; TouchView products, which integrate touch and display technologies to deliver performance and simplified design; and Natural ID, a fingerprint ID product that is used in automobiles, notebook personal computers (PCs), PC peripherals, and other applications. It also provides TouchPad, a touch-sensitive pad that senses the position and movement of one or more fingers on its surface; SecurePad that integrates fingerprint sensor directly into the TouchPad area; ClickPad that offers a clickable mechanical design to the TouchPad solution; ForcePad, a thinner version of its ClickPad; AudioSmart personal voice and audio solutions; VideoSmart single-chip 4K UHD media processors for TVs, set-top boxes, and over-the-top streaming devices; and ImagingSmart solutions. In addition, the company offers TouchPad with a pointing stick in a single notebook computer enabling users to select their interface of choice; TouchStyk, a self-contained pointing stick module; and TouchButtons, which provides capacitive buttons and scrolling controls, as well as display interface products. The company sells its products through direct sales, outside sales representatives, distributors, and resellers. It serves mobile and PC original equipment manufacturers; Internet of Things manufacturers; and consumer electronics manufacturers. The company was founded in 1986 and is headquartered in San Jose, California.
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