SNSN schreef op 23 november 2018 21:36:
[...]
Mid-term (mt-) horizon:
The mt-downtrend is intact. The upper/lower edges are ~158 / ~129.
The stock is busy forming
new (lower) 'high' in the range ~148-144 (read above).
Short-term (st-) horizon:The stock is forming
'descending triangular' (bearish st-reversal, confirming mt-continuation downtrend) pattern since Nov 21.
The 'descending resistance' is currently around
~145. The 'horizontal support' is around
~142.3. The most probable 'break out' point is at (or before) closing on Nov 27.
The target range is ~142-136. The most probable pattern target is
~137-138.
Take care not to be locked in at (new, lower) short-term 'high'.
Nice weekend everybody.
PS. Yes, p/v/t-distrib. don't show any 'accumulations' yet, 'balance' is almost neutral --> just st-cashing....