SNSN schreef op 8 juni 2016 11:37:
For today: PP=3.568
Resistance: R1=3.595; R2=3.62
Support: S1=3.539; S2=3.515
The stock is consolidating since May 26 at higher level with flat drift ~3.565 within the uptrending channel formed since May 6. The former consolidation phase --> May 10-25 at lower level ~3.48 (see old posts).
We are testing the lower uptrend edge ~3.557. The LVE (lower volatility edge) for the uptrend since Ma6y 6 is currently around ~3.52.
The r-zone ~3.58-3.61 must be broken upwards within critical time ~2 sessions. Otherwise, the st-tech retreat towards LVE may follow (though, with reasonable prob for just extension of consolidation phase beyond the 'critical time' and uptrend channel formed since May 6).