Something we all need to get better at for sure! Not an easy skill to master admittedly
After yesterdays SYR post, near my disclosure I mentioned " chart still looks good for 52c IMOalthough trying to get it on some dip would be ideal as it does have a wick today, despite closing green".
Today SYR has done a small dip, and prices seemed strong. I don't know if there will be any more dipping? During the sell off they took it down for 2 weeks+ straight.
Now that prices settled near 43c there is no telling how much more shares JP Morgan are still buying NET LONG to loan out as borrows in the future when the share price climbs higher.
Buyers on the sidelines who are waiting for more confirmation, will probnably be the 50c Breakout Buyers. They'll take some of my partial, that's right I bought a small slice in the "dip" and didn't chase prices at the open
SENTIMENT: BUY POSITION: I HOLD LONG (AGAIN)
Targets 52c+ POTENTIALLY 56c short term upside before some sell pressure IMO
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