SNSN schreef op 7 mei 2018 19:05:
Given recent positive expectations (posts, trending, etc.),
objective stuff are just as follows:
The stock is forming
'rising wedge' (reversal) pattern with maturity in
6 sessions (May 15) at the level of
~166. Its
'support line' is around
~160.40 at the moment. While its upper
'resistance line' (coincides with MA50 today) was tested just couple of hours ago.
Though, as you know, the 'support line' (of 'rising wedge') is usually broken down in ~(75-80)% cases just 2-3 sessions before the 'maturity time'. Just take a look at recent examples -->
'rising wedge' patterns formed on Oct 13 - Nov 9 and Mar 29 - Apr 20.
Don't also forget, the mt/st-
'falling-top-line' (formed since Mar 21) is currently around
~165.60. (with reasonably high prob this
'falling-top-line' is just a part - 'resistance-line'- of the mt-pattern
'descending triangular' --> one can easy estimate the highly prob 'target').
Just a few more quant indicators:
- the stock has formed
spinning top under the pattern
'resistance line'
and MA50 (read above);
- 'price-volume' correlations are very negative (the higher price --> the lower volume);
- divergence 1: rising prices at declining MFI (accounts for the both price & volume);
- divergence 2: declining MFI at (slightly) rising RSI (accounts just for 'prices', but not for 'volumes')
As for
PHLX Semiconductor Sector Index, it's preparing to test
'falling-top-line' (formed since Mar 12), which is currently around
~1315.
By the way, (almost) ALL profs do know everything just mentioned above (actually much more). Thus, it's entirely up to you whether to use this (objective) info, or not.
Just good luck.