Synchrony Financial (SYF)

Macro Outlook ⚠️ Caution ⚠️

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.

Short Term Outlook 📈 🚀 Bullish 📈 🚀

Disclaimer: This content was originally published on Zelf Trade.

Macro Outlook ⚠️ Caution ⚠️

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.

Short Term Outlook 📈 🚀 Bullish 📈 🚀

Disclaimer: This content was originally published on Zelf Trade.