SNSN schreef op 18 november 2016 14:33:
For today: PP=2.614
Resistance: R1=2.635
Support: S1=2.592; S2=2.571; S3=2.559
The stock is in fake sub-downtrend, played by small/mid-size profs 'shorters', supported by small 'trend-followers' and a number of small 'active', but random, 'losses takers' (those taking 'small losses' independently, on a ground of just their own "risk objectives", not coordinated by general market analysis).
Indeed, following p/v/t-distributions there were NO speculative profitable shares under ~2.616 till Nov 16 (read recent posts). So far the only investors owned kpn before 2015 could make profit by selling under 2.616. Also "shorters" could potentially expect some profit (by selling at/under this level) in case of 'fake downtrend' would continue further under ~2.616 (read recent & old posts for details). So far, each 'new short' opened under ~2.616 involved well increasing risk....for 'new shorters'.
Following p/v/t-distributions the total nominal 'negative balance' for the last 3 sessions (since Nov 16 till 12.00 Nov 18) is just around ~24.6 M. That is, given trading pattern', the actual 'negative balance' is around just ~8-9 M (for almost 3 sessions). So far, just ~2-3 M shares were sold out (short-term 'fast sort-sell' + longer 'shorts' but in small values) without 'instant profit', but with (relatively) high risk and just 'profit expectations'.... (a 'fast short-sell' --> a short position closed within just a few min, or hours, decreasing performance uncertainties --> decreasing market risks).
A number of 'stops' was hit today & yesterday with a good volume up to ~0.3 M
Don't forget that "small" & "fast shorts" are almost invisible, and may be detected via just p/v/t-distributions and some other means/tools. That is because they are NOT registered, being either "small" enough, and/or being opened just for a "short horizon" - just less than a session, or two). But, their cumulative value (all together) at certain point in time may be even bigger than the value of those 'shorts' you can find in 'short register'.
So, just don't take losses voluntarily if you don't pay for the profit of prof 'shorters', as the 'fake (down)trend' is NOT based on company fundamentals and usually imposed just 'against' the real company values (with just some other 'fake' objectives).
Don't forget that 'paper losses' are NOT losses in case of just 'fake trending'...
Take care.