Symbotic falling down but earnings was not so bad to justify a drop like this
Just moving inside downtrend channel more quikly than ususal and will reach lower margin soon
I think it need to drop to 35$ where long term bullish channel ad medium term bearish channel meet
From here a powerful upside move can happen that will fill the GAP
Earning was in line but under the great expectation
Price will cool down a lot and it probably will fill the gap to 39$ today
I thing that the drop will continue until near 36-36,5$ where price will the recover and try to cross strong 39$ resistance
As supposed in previous idea price drop to fill the gap and find support near 39$ that is a strong resistance/support
I suppose price will reach upper resistance at 43$ and then drop again to 39$
Breaking 39$ resistance will set a new target to 34-35$
Price action looks to have broken the overall downtrend, as support from buyers have entered a new year looks to provde more growth. The recent insider selling in the last couple months look to be met by buyers and sellers on both sides, From a technical pov its been an uptrend during what may be seen as a selloff, is sparking more upside in the meantime. price...
Price reached purple trendline
Closing a candle outside will confirm a bullish breakout with target next to 51.5$
Be careful because a downmove is still possible right now
Symbotic is getting bearisch closing candle outside trendline channel
Confirmation below 43$ will bring prices to 39$ to close the gap
SMA100 al 43,68$ can act as a support
Symbotic is an American robotics warehouse automation company based in Wilmington, Massachusetts.
From the technical stand point, price consolidated and then rallied to take out shorters in the market place and induced longer into the market place.
If the market breaks and closes below 35.20 then I will be bearish
Price target for bearishness is the sellside...
Symbotic Inc. is a company that specializes in the creation and implementation of automation technology, more specifically, robotics designed to streamline and enhance the efficiency of warehouse operations for retailers and wholesalers. Their main offering, the Symbotic system, is a comprehensive warehouse automation solution for product distribution. This not...
SYM has ascended YTD at a rate of 20% monthly and compounded. It has had consistent
earnings doing its thing which is providing robots to replace human labor in factories and
servicing them. Its products are in constant demand and growing. On the chart, SYM
is above the POC of the volume profile. Buyers have pushed the price higher and sellers
overall have...
