SNSN schreef op 13 juni 2016 12:06:
For today: PP=3.397
Resistance: R1=3.44
Support: S1=3.33
The stock is testing a really strong s-zone ~3.35-3.335 (read old posts), which is also reinforced by the S1.
The matter is that there are NO profitable spec. shares under ~3.335. Thus, to dive deeper --> some spec. parties must take losses. As you know, investors don't sell in current kpn-circumstances at all. Very low liquidity ~0.25 M per 30 min, positive price-volume correlations and some other stuff confirm --> investors are in business this time as well....
So, keep your stuff, don't sell if you don't need to do so.... The prob to repurchase lower is almost zero, as the prob to dive under ~3.33 is extremely low.
On daily scale the stock is developing 'turning point' pattern (though, confirmation at closing essential).
It looks like those trading MT did took a good care (see last week posts)
PS. The market is testing the s-zone ~430-425.