*Breaking out of the diamond*
From thepatternsite.com
"They are as tough to spot as night crawlers in the grass on a summer night"
I agree ... this was tough to spot but from looking at the pattern, I does look diamond to me.
Breakout is upward 69% and the measure rule puts the price target in the 3.30's
From thepatternsite.com
"They are as tough to spot as night crawlers in the grass on a summer night"
I agree ... this was tough to spot but from looking at the pattern, I does look diamond to me.
Breakout is upward 69% and the measure rule puts the price target in the 3.30's
Expect this stock to move upwards.
SYN, is displaying a descending triangle off of a big move and has support at 2.30.
As highlighted on Bulkwoski's site (thepatternsite.com): "If price rises into the pattern it breaks out upward 73% of the time."
This company 4 drugs ... one which has shown to improve MS patients, and another which address C Diff. C Diff has...
Classic pennant set up for SYN as it continues to trade within the pennant on decreasing volume.
Taken from www.investopedia.com
Pennants are formed when there is a sharp price movement followed by generally sideways price movement, which is the pennant. The pattern is complete when there is a price breakout in the same direction of the initial sharp price...
SYN is nicely trading within a pennant right around the time that it is also forming a golden cross.
Good time to get in before the cross and pennant fully forms and the price breaks out.
Large movement in ZIOP followed by a consolidation period with converging trendlines creating a pennant. Considering how bullish ZIOP has been, suggests a breakout movement and an opportunity to buy before the breakout.
