Sysco Corp. (SYY) presently testing long-term support, able to absorb monthly selling pressures.
From here (SYY) can turn higher to channel resistance, eliciting gains of 10% - 15% over the following 2 - 3 months, and gains of 20% over the following 5 - 6 months.
Inversely, a settlement below long-term support would elicit a sell signal where loss of 20% would be anticipated over the following 3 - 5 months.
From here (SYY) can turn higher to channel resistance, eliciting gains of 10% - 15% over the following 2 - 3 months, and gains of 20% over the following 5 - 6 months.
Inversely, a settlement below long-term support would elicit a sell signal where loss of 20% would be anticipated over the following 3 - 5 months.
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