Comparing $SYM here to $SNDK when it busted out in the 40s with one of the best bars I’ve seen in my 30+ yrs of trading, is likely misplaced. Yes I bought it then. The fact that they were both near the $40 level is completely meaningless. They are not in the same spot technically, not even close. Nor fundamentally. SNDK has some of best best fundys ever. But in spite of that it’s being distributed. Accum rating E. SYM has been one huge disappointment for a while. Stocks tend to let you know when the time is right. There is no reason to own it now. Stick to high RS names. SYM is a RS 16.
@lancefinlinson Not surprising, $IBIT is busted, having broken under its 4 month base. so far its managed to find support around 150 dma. That needs to hold.