Aug. 15 at 11:55 PM
$SNPS | Synopsys Inc | Technology 💻
Macro momentum is shifting back upward as bulls defend the
$366.50 structural demand floor! 🔻 Clean descending trendline breakout expanding directly off baseline volume support 📊 💻
$440.15 resistance line is the main trigger.
Technicals: 8h falling wedge breakout setup building directly above primary volume profile support. Holding
$390.00 keeps momentum locked for an upside squeeze toward upper supply.
🐂 Reclaiming
$440.15 =
$525.00 then
$660.00 in play. High-grade semiconductor design leaders coiling at baseline support can squeeze aggressively once volume expands 🚀
🐻 Losing
$366.50 =
$340.00 then
$310.00 retest next. Broad tech sector volatility carries downside risk if support breaks 📉
⚠️ Trendline Breakout. Heavy Block Prints.
$440.15 is the line 🎯
Stop Loss:
$385.80 🛑
Targets:
$525.00 /
$660.00 💰 🍺
OVERALL: 🐂 BULLISH 🐂
#hovdid
