Immediate targets 6.77, 6.39. Invalidation at 9.48 . We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely...
Looking at this form a pure technical perspective, you can see price approaching multi-year resistance. A rounding bottom turned to a flag by forming a series of HL (on shorter TF) and is now sitting above the Ichimoku Base Line, Two targets here.
Pending no bad news about litigation / investigation from Chinese authorities having merit, this stock is bound for $100. It will break the $50 level easily and keep going long-term. Buying strategies: $35 breakout $29 support 28.20 (.38 retrace) 25.50 (.50 retrace) 24.50 resistance becomes support Will not sell unless, bad news hits stock on chinese investigation
I see this coming back to prev resistance at 24.00
Look at this Market.. ok ok.. it doenst matter which market, but this is gone wild for the last couple of months.. perfect market cycle.. even foconacci Extension was working.. =) So lets crack da Nuts..: Whats going on and on and on - every market every TimeFrame: 1. Accumulation 2. First Pump 3. Accumulation 4. Second Pump 5. Accumulation 6. Third Pump 7....
I would have bought here but the volume is too high and prices have fallen too fast. I think this has more consolidation to go through and it's too soon to jump in at 41 support. This stock has taken several weeks to repair itself once the 20day has been broken.
It's a strong stock, but running out of gas since it's nearly doubled in price since late Aug
This could go either way... I also see a bull flag here
This is a great company with awesome fundamentals which has blown up so quickly that it needed to correct and consolidate, but it will break to new highs. It is largely undervalued, and in a long-term uptrend. My strategy is to continue to reduce my stop market entry to 25c higher than the highs of the attempted reversals. Previously it was 36.25, now I will...
So questions for discussion would be... comments please... 1. What was the proper buy point? 2. How big of a base is still valid? I wanted to get in on this company, but it looks like good time to wait until it returns to a normal level. $12.50 to 15 is about how far it should fall and still be considered likely to resume in the uptrend, but of course it...