Applying the"POWER OF THE PATTERN" to Synopsys (SNPS)
I am honored by your continued interest in my research.
Below is an example of applying the Power of the Pattern to Synopsys (SNPS)
The purpose is to share how we combine pattern analysis and assets with relative strength to provide members with high probability opportunities.
3 reasons we suggested a purchase of Synopsys (SNPS) on August 14
1. Attempting a breakout from a weekly Bullish Ascending Triangle pattern
the pattern is the most important of all factor in my research.
2. Seasonally
strong average gains of over 7% in August
3. Relative
strength opportunity over owning a broad index
Click Image Above to Enlarge
Managing Risk and Protecting Gains
Synopsys broke out the ascending pattern convincingly over the next few weeks. During that time we took some profits and moved up stops to protect gains.
Relative Strength of SNPS over S&P 500
Below shares how SNPS performed at a recent peak over the S&P 500
Click Image Above to Enlarge
UPDATE ON A PRIOR OPPORTUNITY SHARED BACK IN SEPTEMBER
Harris Corp (HRS) was a prior similar pattern I originally shared with you back in September. The stock has since advanced another 500 basis points.
No, not all positions work out as we hope but we manage risk and keep stops tight from initial purchase, with losses rarely exceeding 5%.
Reply with your questions or contact us to share your research needs.
All the best, Chris
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