SNSN schreef op 14 november 2018 11:48:
Mid-term horizon:
The mt-downtrend is intact. Its upper/lower edges are ~160 / ~133
Short-term horizon:
The stock is forming 'descending triangular' (bearish -> continuation within downtrend) pattern for the 5th session (since Nov 8). The critical "break out point' is around Nov 16 (or earlier).
The 'descending resistance' is formed by the short-term 'falling-top-line' (since the top ~159, Nov 8). It is currently around ~152.20, and will be tomorrow (average) around ~150.5
The 'horizontal support' line is formed at ~149 within the s-zone ~150-148 (read recent & last weeks posts).
Given abovementioned parameters, the pattern has standard 'target interval' ~149-138. Though, the level ~139 is the most probable (lowest) pattern target (149 - delta; delta = 159 - 149)
Good luck.