Synereo has broken the trend line drawn from the October 26 peak.
https://s14.postimg.org/ifga9o701/nimet_n.png
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Synereo has completed one cycle from the May 28 low. The wave one finished on the June 9, and the wave two correction ended on the June 13. The wave three advance finished on the July 16, and the wave four correction ended on the August 16. The wave five advance finished on the August 29, and the three wave correction (abc) ended on the October 29. If this wave count is correct, Synereo should be heading next towards the August 29 peak.
https://s12.postimg.org/i36uxe2y5/nimet_n.png
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Synereo.
https://s17.postimg.org/7zbxkykfz/maarnio.png
If you think this analysis is correct, upvote this post and upvote the comment "Synereo will takeout the October 26 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Synereo will drop below the October 29 low".
You can upvote the comment until 3 PM EST October 31 and you can upvote only one comment. 100% of Steem (0.298 STEEM) from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).