SYMC is at the bottom of a bull flag trading range and in the midst of an expanding triangle. Prices have been volatile the past two weeks, with gaps up and down. Both sides are fighting for follow through. The bulls have a slight advantage because we are near the bottom of a bull flag trading range. The bears need a strong breakout below the 16 higher low. ...
Global Financial Engineering Swing Trading Strategy for Symantec Corp as at July 2, 2019 The Primary Trend (PT) given by the Monthly TIME BAR ( MTB ) is currently Bearish The Secondary Trend ( ST ), given by the Weekly TIME BAR ( WTB ) is currently Bullish The Medium Term Trend ( MTT ), given by the Daily TIME BAR (DTB) is currently Bullish The Short Term...
Symantec Corp. was sideways for most of this year. Recently, it gapped up during earnings season. A weak retracement may be a setup for a breakout attempt against long-term resistance. Red line shows that resistance level on this chart.
Waiting on earnings, been a long consolidation, with a wide range.
The price is above 30MM, but the slope of 30MM is negative. Theoretically is a phase4, But the support is already established, and the resistance was broken. Maybe is a phase 2. I will wait for a stable slope of 30MM to buy.
Earnings tomorrow, 08/02. What are they going to deliver? Been trading in a range ever since last earnings.
Put this thing on your watch list, it wants to go up and it will take some time. If you believe you can achieve! 25 would be a great goal for this stock! again I repeat just put it on your watch list and grab some coffee, this can take a while.
Expecting a sharp decrease once earnings come out tomorrow. Will probably end up in buy zone in next few days, confirming the wedge. Bullish divergence on 1D MACD just like we've seen in the past when falling in this fashion. Buy when we drop into major support (blue) and hold until green. Being the leader in endpoint protection, you might even want to get...
SYMC had an awesome year so far as the price nearly doubled itself since the double bottom formed during February. The price is now struggling with a strong week structure zone (25-26$). If the price will overcome this resistance zone it will probably continue north towards the next potential Sell Zone - 29-30$: 1. Completion of a bearish Gartley pattern 2....