SNSN schreef op 16 september 2016 11:48:
For today: PP=2.780
Resistance: R1=2.807; R2=2.823
Support: S1=2.762
The stock is 'testing' (back) the upper edge of (strategic) lt-support zone ~2.80-2.70.
Though, at very low liquidity, just around ~0.25 M per 30 min, the stock is developing mt-pattern that (following pdf, though at low volume) increases the prob for fast rising towards ~3.3 (first target) preliminary around the mid Oct. (Oct 10-20).
The 'control level' (for 'correct' mt-dynamics) is ~2.85 within 4-6 sessions.
However, on a shorter st-horizon the above mentioned 'mt-pattern', as well as p/v/t-dynamics and some other (dynamic) stuff still allow for a 'last attempt' (possibility on st-horizon, i.e. within next couple of weeks) to test current (strong) st-support around ~2.75.
Take into account that essentially rising volume (within next couple of weeks) may change above mentioned st-dynamics, strongly reducing the prob to dive under the st-support at ~2.75.
Take care.
PS. Do not forget, there are NO profitable spec. shares under ~2.75. So, to dive lower some parties must take losses.