SNSN schreef op 9 november 2017 16:46:
[...]
As you see, nothing strange, just 'business as usual'...
As you were inform (see above) the stock is just testing the 'first target' - the (dynamic) support zone around ~152 (see post above for details). This support zone is formed by the lower edge of the rising trading channel since Aug 29 (see above).
So, till the dynamic support level (~152.20 today) it's just a usual 'trading move' (necessary to preserve the 'drift') between the upper- and lower- edges of the rising channel (since Aug 29). Though, the rising trend itself was actually artificial one (pure tech-trading based), as was not caused by any really new objective info on the particular stock, just by comp tech trading by mid-size specs in usd & eur 'hedging accounts' at falling eur/usd rates since Aug 29 (see above).
However, don't forget, the actual 'pattern target' (read above) is around ~142. So, a real story may start just under 152, if the dynamic support (i.e. 'artificial/fake' sub-trend) is broken.
Take care.