should say 'id put a stop at 18.70-18.90' area worse comes to worse; I cant see that area being broken esp 18.70, but unless the market tanks or corrects it shouldnt go anywhere near 18.70 as ITS ALREADY FALLEN 10% FROM THE RECENT TOP! THAT WAS A SECTORAL CORRECTION IN RETAIL.
The range is 19.10-20.10 IMO give or take, and THAT 'GAP' AT 19.70 NEEDS TO GET FILLED AT SOME STAGE UNLESS THERES GONNA BE A MASSIVE PUSH DOWN TO THE $17s RANGE WHICH I CANT SEE HAPPENING GIVEN THE FORWARD EPS FOR NEXT YEAR!
***the only time ever that the stock will go into the $17s again is if theres a profit warning; Therell have to be a FUNDAMENTAL MICRO DRIVER to push it down in a big way; The forward EPS is MASSIVE for next year!
Technically 18.70 is lowest and i think it would only ever go there if theres a massive correction in the general market in the next few sessions given the chart setup of moving averages crossing. But itll have to happen in the next fews sessions.
yeah it could dip below $19 for a moment or 2 in the 18.90s region on stops if some insto wants to drag it down but i wouldnt bet on it being there too long if that happens.
Ill stick to the 19.00-19.10 to 20.00-20.10 region as the new range with the GAP HAVING TO BE FILLED AT SOME STAGE DRIVING IT TO 20.00-20.10 AREA
INTERESTING C WHAT HAPPENS BUT ITS OVERSOLD
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