Sep. 23 at 12:47 PM
$SNYR Here’s why I think this is a good buy for swing trade:
Fundamentals
undervalued P/E of 6
Offering is out of the way
Former Coca Cola executive just joined team
They are expanding focus factor with partnership with Alabama Beverage which should greatly increase sales
Their annual sales are already bigger than entire market cap
Technicals
Relative volume over 2
Bottom support on chart after upwards climb is
$2.35 area.
Resistance is at
$4 per share.
Much more upside than downside here, with potential to break resistance based on this catalyst.
My opinion
Buy zone is now, and down to
$2.35
First sell area is
$3.75.
If
$4 breaks, then watch out…