SNPS - A Synopsis for Synopsys

Technical Indicators have begun to finally cool off for this one, but such a dramatic trip to the clouds often warrants a visit back to the tree tops before ascending into outer space... If the 2 month MACD crosses again and holds, then this stock has likely entered one of these 5 wave corrective structures outlined. There is always the potential for higher highs, but I would caution against any aggressive longs in this stock until the techs can reset much lower. Monthly MACD cross is still in effect. GLTA!