SNSN schreef op 8 juli 2014 11:22:
The nearest "mid-term" support (formed last Apr) coinsides with S1 today
As for the price formations, don't forget your (particular) objectives and horizons. A long-term uptrend has always volatility, and does not mean that the stock will only rise on mid/short-horizons.... That's any long-term uptrend consists out of many diff up/down-subtrends (each has its own "short-term vol" - (local) dynamic volatility), and their regular changes are necessary, as allow to preserve the long-term drift.
As you know, for instance, long-term investors and short-term traders may talk (and act) differently at the same price developments...., as their objectives are different.
PS. As for aex, it's at a critical level testing the lower border of its rising subtrend-channel (since Apr 15). If its broken down, the nearest support zone is around ~408. From more general prospects the prob is high that aex is busy with "top-forming" (some indicators: increased volatility at almost flat drift, double-top at ~420 - see last weeks post). Though, there is still some prob for aex to rise a bit towards ~420 (if the support at the lower border is held, the prob to rise just a bit would slightly increase )