Price action and chart pattern trading
> A potential downtrend wave C leading to an ending diagonal with the first MACD bullish divergence
> Long Entry - wait for Elliott Channel breakout to confirm the end of the downtrend
> Target Wave 4 rebounded at SMA50 Zone
> The target wave 5 downtrend at support Wave C and Wave II zone are closed in range.
Indicator:...
SYNEX is another stock that has a decent fundamental with nice price movement. The only thing I'm concern about is the price has already moved up a lot from the low. Thus, the upside may be limited.
