SNPS is showing a classic Diamond. Don't miss the move.
Indecision. Widening then narrowing range.
Bearish continuation if preceding move was down.
Technical analysis of Synopsys (SNPS) reveals a significant setup. Price has moved to $395.95 (-0.2%) amidst recent volatility. Algorithmically, a Diamond structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $379.5, targeting $304.84 with support near $416.83 (R:R 2.0).
What is your outlook on SNPS?