SNPS stock has been moving with intermittent momentum runs and easily broke through the highs resistance from September 2018. It is now slowing down after huge gains. The stock is currently shifting sideways with a rising risk of heavy profit taking from the pro side.
The price is below 30MM, although the slope of 30MM is positive. If the price doesn't break the resistant, it will continue in phase 3. Think about to sell.
For my rules i can't buy stocks before a few days to earnings. But in this stock we have around three weeks and for my opinion it have a good prospects to growth
SNPS(Daily). Bull Flag.
Double bottom brake_out , Bull Flag.
D_bottom target reached. Limit1 exceeded.
Pennant like formation consolidation, brake_out.
WW 5'' potential, In case - Long entry on point 3, retest of triangle.
OBV brake_out.
Earnings due 20/5.
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SNPS
![SNPS: [SNPS] Phase 3](https://s3.tradingview.com/c/cRqAyleR_mid.png "[SNPS] Phase 3")
![SNPS: SNPS potential long in uptrend [Swing, Half]](https://s3.tradingview.com/j/J5bxXTqi_mid.png "SNPS potential long in uptrend [Swing, Half]")
