SNPS is hitting some hard resistance at the top trend line of the channel down.
Sometimes it is easier to draw trendlines on weekly, then switch back to daily and see where the weekly trendlines you drew line up with price.
The trendlines of the channel down seem to be narrowing a very small amount.
This is also a head and shoulders top which has broken the neckline once and price recovered.
Strong stock in the semiconductor space.
No recommendation.
EPS - Entry/profit target/stop loss (o:
Sometimes it is easier to draw trendlines on weekly, then switch back to daily and see where the weekly trendlines you drew line up with price.
The trendlines of the channel down seem to be narrowing a very small amount.
This is also a head and shoulders top which has broken the neckline once and price recovered.
Strong stock in the semiconductor space.
No recommendation.
EPS - Entry/profit target/stop loss (o:
Note
6-6-22 Price has broken upper trendline of channel. Possible W that may be a shark.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.