SNSN schreef op 26 november 2018 20:32:
[...]Mid-term (mt-) horizon
The mt-downtrend is intact. The upper/lower edges are ~157 / ~128.Short-term (st-) horizon:
One small change. The prob. is really high that the stock is transforming its st-pattern to 'rising wedge' with maturity on Nov 30. That's 'break out' point should be expected on (or before) this week closing.
Following standard evaluation the (first) 'pattern target' (for 'rising wedge' since Nov 20) is ~136-137,
i.e. it's almost unchanged(read just above).
The upper/lower edges of 'rising wedge' are ~148.8 / ~144.4 today and should be ~149.4 / ~145.8 tomorrow, if 'rising wedge' pattern (trans-)formation goes on. Otherwise, the stock will move tomorrow under ~144.4. So, just take a close look at tomorrow price actions, and be careful not to be locked in at/near the (new) lower short-time 'high' (read above).
The stock was testing strong resistance (former support) zone ~148-150 (read old posts).
PS. Don't forget that standard TA-indicator 'MFI' is currently around ~40, staying almost the same since Nov 20, descending from its top ~80 on Nov 14.