Synchrony Financial (SYF)

• Price has been in an accumulation phase for 9 years. 
• In 2021 price finally broke above previous all time high signaling bullish continuation. 
• On 2022-2023 price retraced to accumulation range, this was the perfect long entry. 
• Now price have been in an 8 month clear uptrend 
• … Now what?
• We are currently in a resistance zone. 
• If you want to position yourself this is NOT the time to go all in. Instead, dollar cost average your way in. Be aware we might have a retrace to $39 - $29 price range in the next few months but price will still be long term bullish. 
• If you are currently holding a position, it might be wise to sell at least 10% now and keep taking profit until the $50 -$54 range. 
• If prices manage to make a new high above $53 and show strength we can always jump back in.

• Now is a good time to position yourself in. 
• Dollar cost average your way in
• Ideal entry at $45.8 - $44
• Trade invalidation if price goes below $43.5 
• We are targeting the previous all time high at $53 ish