SYM – Chart of the Week for November 28, 2023

by | Nov 28, 2023

It’s time for my Chart of the Week — and be sure to read to the end again this week, because another past Chart of the Week has now hit its target.

It’s almost like these things work!

 

This Week’s Chart

Chart of the week is SYM (Symbiotic Inc.)

SYM has a *Market Roadmap-style bounce setting up.

A Market Roadmap bounce is an up-trending stock that takes a pause and retraces back to the orange line on the chart that I have named the Roadmap Line (RML).

Once a stock finds support at the RML, then resumes the trend, a high-probability setup is formed when we cross above the 61.8% retrace level and through upside resistance.

SYM is currently setting up the conservative entry above $55.

The stop right now would be on a lower low below $29.

The conservative target is a retest of the prior high at $64.

The standard target with a 70+% probability is the $78 area.

The aggressive target is up at $100.

High probability in this case is 70+% likely to reach the 127.2% extension which for SYM is that $78 target.

Let me know if you take it.

The Chart

You can go check out my chart marked up with notes (entries, targets, etc) right here: https://www.tradingview.com/x/JgfI6mwu/

Good Luck!

— Jeffry Turnmire

PS> Market Roadmap is my custom-built TradingView indicator that helps me spot many of the trades I post, including this one. If you’d like to grab Market Roadmap for yourself — and get access to my private Discord channels, too  — just click here to pick it up for $5!
PPS> Another free chart Chart of the Week wins! MSFT hit the 380 target I outlined here in my Chart of the Week for October 11th.
WRITTEN BY<br>Jeffry Turnmire

WRITTEN BY
Jeffry Turnmire

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