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