After testing support at 2550, SYS has recovered and is in a good position for a possible swing northward. This is a risky play since there is a lot of resistance overhead but at the same time is a good opportunity to get in at support price.
Watch out for turbulence in the 3500-4500 zone but if it breaks out of that area the likely target is 6350.
Watch out for turbulence in the 3500-4500 zone but if it breaks out of that area the likely target is 6350.
Comment:
Price is now entering the cloud which is a good entry signal.
Trade closed: target reached:
Boom! Target hit.