trombone
Thanks
Yes, you're right about the $1.60 call - it was based on the chart of the 31st of May. The share price went up a little in the days directly after and so - to respect price action - I readjusted my targets. Here's my updated chart. Note, though, that there is a very real possibility the pain is already over because the price is almost at an important support cluster formed by both an important 38.2% fib and the 200 period exponential moving average (daily chart) that are coming together at ~$1.81. This could well become the point at which the share price 'turns on a penny' and starts flying up again. Wait for an indication early next week. Failing this support level the price is imo very likely to play out the ab=cd pattern to the bitter end which will mean it will go to ~$1.67 (revised as explained above). Good luck.
Cheers
Hans
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Last
$7.75 |
Change
0.030(0.39%) |
Mkt cap ! $7.244B |
Open | High | Low | Value | Volume |
$7.71 | $7.81 | $7.63 | $12.03M | 1.561M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6556 | $7.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.77 | 3385 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6556 | 7.730 |
3 | 12284 | 7.710 |
1 | 9401 | 7.700 |
2 | 30653 | 7.690 |
2 | 18250 | 7.680 |
Price($) | Vol. | No. |
---|---|---|
7.770 | 3385 | 1 |
7.780 | 12284 | 3 |
7.790 | 9401 | 1 |
7.800 | 12151 | 2 |
7.810 | 9401 | 1 |
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