Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Underexposed Technical Analysis -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (715)	1/7/2020 2:05:25 AM
From: Underexposed	Read Replies (1) \| Respond to of 914

Hi Robert I have not been too far off the mark so far..... However, the recent decline of 4.6% is NOT the downward plummet I have seen... here is my latest find. P&F Chart The stock is locked between a strong resistance and strong support. The latest drop is a failure to breach that resistance.... it is now knocking on the door of the support.... If that support fails you are probably looking at a drop to about $36/share further.... In that blue circle shows the col.um SMA's are turning Bearish The Trigger chart Hmmmmm....... Today's 4.6% stopped at the lower Bollie. But look at the BBWidth..... it did not move a muscle... it is flat...ready to be pulled. You can see that support at $36 to the left.... I think there is a real possibility the price will fall to this level. The Slow Sto is NOT rising with strength... it is not over 50....It may be at the start of a decline The same with the MACD...it looks to be falling again and could not pass zero. There is a small chance of rising again.... but I would put that at a 10% chance at present. The Ichimoku chart the indicators below are all bearish. the main chart shows the power of those clouds...after rattling around in the green cloud for almost a month, it has fallen out the bottom. Curiously the lower edge of the cloud (now a resistance) is $42.00 exactly the same as the resistance in the P&F chart....neat, eh! we are firmly under that cloud now.... I doubt very much that it will rise back into it in the near future. Conclusion The main event to come will be a plummet to about $36... and it will come in 3-5 business days is my estimate. UE