SYNC is a mind-fuck. At least for me it has turned into one. What I mean by that is the stock has the potential to interrupt my mental equilibrium if I reinvest, regardless of how bullish I feel. When I begin changing my mind, jumping around or becoming squirrely about a stock I know it is time to walk away. More harm than good can occur if I continue hanging around.
What I can still do, however, is dissect the price action so at least some of you who aren’t afflicted with my handicaps can prosper. I have no position here as of Tuesday. Nevertheless, here is my assessment of price action alone. I feel the stock has settled enough to be able to weigh it out rationally. Here goes:
click chart to enlarge