SNSN schreef op 19 mei 2016 11:14:
For today: PP=3.48
Resistance: R1=3.503
Support: S1=3.46
The stock is in the st-uptrend since May 6, testing the r-zone ~3.47-3.50 for the 8th session (see old posts). The r-zone is reinforced today by R1.
The (most probable) lower uptrend edge ~3.455 / ~3.470 at opening/closing was tested at ~9.30, followed by standard upwards st/d "border reaction". The 'critical time' (determining the prob balance for consolidation/top-forming) is within ~1-2 sessions.
PS. Yes, the st (static) support is around ~3.45