Friday, August 21, 2015

First time post on Synaptics [SYNA]

For my own reasons I will just post a chart model on this company without a bunch of commentary.

SYNA was actually green today by 1.13 - one of a small number of stocks that avoided a drubbing today.  If the lower support rail cannot hold then down she goes and soon.  But if the support holds then I see either a pop to mid channel to form a DDT or a move above the top rail as shown in blue before this sells off hard.  The entire rising wedge could be wiped out after this chart takes out the lower rail the next time.

All  IMVHO of course.


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