Synthesis Energy Systems - has the rally ended?
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What a wild ride for SES - but now we see a bearish divergence of Price vs. CCI, so price might drop back to a much lower level.
The daily pivot hasn't been touched yet - so this might be the level that price drops to.
The daily pivot hasn't been touched yet - so this might be the level that price drops to.
Nota
Price dropped to 7.26 and seems to move sideways now.I mus correct myself regarding the Pivot: the profit target is not the daily pivot, it's the weekly pivot.
If you are in a short-trade right now and would like to play it safe, it would be a good idea to close you postion - although I'm pretty sure that price will go down and touch the weekly pivot at 4.25 but maybe it will take some more time
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