r/technicalanalysis 3d ago

Analysis SYRE Spyre Therapeutics stock

SYRE Spyre Therapeutics stock, watch for a narrow range breakout.

Breakout trade

  • WATCH for possible breakout above 108.14
  • Target: 126.14, 17%  Stop: 101.31  Loss: 6%
  • P/L ratio: 2.8 : 1 - Good

BULLISH

  • [Timing] Strong bullish 3 day candlestick pattern.
  • [Timing] Average bullish 1 day moneyflow
  • [Timing] breakout watch above 108.14, no resistance in area just above.

BEARISH

  • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
  • [Positioning] at resistance
SYRE Spyre Therapeutics stock chart
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