SNSN schreef op 10 oktober 2018 14:56:
[...]
Business as usual.
The lower top (read above) was formed as planned and you were informed just in time.
The stock is in the mt-downtrend since Jul 24 started by 'double-top' pattern (read old posts). The upper downtrend edge is determined by the 'falling-top-line' (read post from Sep 6) which is currently around ~169. The most probable (estimated) lower downtrend edge is currently at ~142.
As was prescribed, both two
weak recoveries - st-rebounds within the mt-downtrend - followed within the 'rising wedge' patterns. Such patterns, providing 'necessary weakness', caused by 'special' p/v/t-distributions (for the 'weakness' mechanisms read post from Sep 25 at 20.20). The first 'rising wedge' was formed since Aug 17 and broken out on Sep 4.
Second 'rising wedge' was formed on Sep 12 --> broken out on Oct 5. Standard calcs. give us:
- first pattern target is ~148
- second pattern target is ~ 143
The lt-uptrend formed since Nov 2016 (read Sep posts), with the lower edge around ~158 today, was broken down. The stock is currently braking down the s-zone ~156-153 (read just above, and point (iv) in Sep posts).
Don't also forget that closing under ~150 (being confirmed) would open the way towards the second target ~143, which coincides with the strong s-zone around ~143-142 (formed Dec 2017-Jan 2018 --> read last year posts).
Good luck.