My Fair Value Theory;
My theory is that the blue channel is the "fair price channel" what the company should be worth, according to the market and price action. Anything outside of the channel is fair price plus speculation. The green line represents the average fair value as per how the market views the company at any given time.
Note: The 55 Day Dochain channel is in confluence with my channel theory.
(See Turtle Trend Traders Research - available pretty much everywhere - do a google search)
My Opinion: for what its worth.
Based on my channel theory, Alef is still a little over-valued. It should settle in by year-end. The Bears are not done yet leveling the playing field.
I am watching the 1.88/1.66 zone for a support bounce or two.
My theory is that the blue channel is the "fair price channel" what the company should be worth, according to the market and price action. Anything outside of the channel is fair price plus speculation. The green line represents the average fair value as per how the market views the company at any given time.
Note: The 55 Day Dochain channel is in confluence with my channel theory.
(See Turtle Trend Traders Research - available pretty much everywhere - do a google search)
My Opinion: for what its worth.
Based on my channel theory, Alef is still a little over-valued. It should settle in by year-end. The Bears are not done yet leveling the playing field.
I am watching the 1.88/1.66 zone for a support bounce or two.
Comment:
I should elaborate, The DC 55 day average is in confluence with my channel break zone. Suggesting that is the correct channel top and breakout zone.