SNSN schreef op 7 september 2018 12:29:
[...]
The target ~156 was hit as planned (read above).
Actually it's just the upper edge of lt-support zone
~156-153. Take a look at the point (iv) in the post from Sep 6, at 11.11:
iv) the most probable 'rebound level' (though highly likely at a limited power) will be the LT s-zone ~156-153 given by the static support at ~156 and the 'lt-rising-bottom-line' determined by the points ~90 (Nov 9 2016) and ~93 (Dec 5 2016) (and touches the 'bottom' of Jul 5 2017) --> the line is currently around ~153.Should the (dynamic) support at
~153 (lt-rising-bottom-line since Nov 9 2016) be broken down, principle change in 'rule of game' (upwards bias since Nov 9 2016) can't be excluded.
That is the stock would return back to real valuation based on actual company fundamentals. Given average sector P/E = ~21 (read just recent posts) and stock's trailing EPS = 5.43, the corresponding stock price would have an (average) value
~114 (= 21 * 5.43).
It's interesting to note that the estimated
'average price' = ~114 practically coincides with the estimated 'mean' (~115) of "strategic uptrend" channel (upper/lower edges: ~127/~103) formed since
Aug 8 2011.
Good luck.