SNSN schreef op 13 december 2018 11:08:
Just briefly (more details later on):
Moving within the short-term 'rising wedge' pattern (formed since Dec 10 with maturity just in 1-2 sessions and collapse level ~151), the stock has broken down the 'rising support' line, which is ~147 / ~149 at today opening/closing.
Thus, the (first) target is the same - in the range ~138-136.
On the st-horizon the stock is highly likely forming new (lower) 'high'
On longer horizon the mt-downtrend is intact -> use eq. in recent post to calculate its upper edge. From the p/v/t-distributions, as well as basic fundamentals one can see NO any structural changes in mt-downtrend (since Jul 24).
Investors should take care not to be locked in at/near new 'lower high'...
Good luck