SNSN schreef op 6 november 2018 19:38:
As for a bit longer horizon --> the stock .... is just busy with (lower) top-forming (the next one since Oct 17).
Indeed, indicators show the prob. for 'top-forming phase' is really high. Just take a look, for instance, at sharply rising st-volatility (within last 4 sessions), as well as at a/d-oscillator that shows decreasing of 'buy pressure' for a second session.
Anyway, as you probably know well, a 'top-forming' phase takes much more time than bottom-forming, and st-volatility (don't mix with intraday-volatility) is usually rising sharply at almost flat st-median ...
The expected (new) 'lower top' (median) is currently at around ~153.5. That's well under the upper edge of mt-downtrend (since Jul 24), which is currently around ~162.
The s-zone for st-horizon is ~150-148 (read old posts for details).
The mt-downtrend (since Jul 24) is intact.
Take care.