SNSN schreef op 26 februari 2018 15:27:
The 'descending resistance-line' for the 'descending triangular' pattern formed since Feb 21 (read last week posts) was broken upwards at opening (mainly due to recent/fast drop in eur/usd-rates, which are systemically falling down since
Feb 15).
So, the stock is just preparing to test the upper edge
~163.30 of the st-uptrend formed since
Feb 12 (compare with the 'timing' for eur/usd-rates dynamics - systemic fall since Feb 15 - take a look just above).
That is just standard technical trading (at a lack of a really new objective info) --> the stock is just moving from the lower edge of st-uptrend (hit on Feb 23) to the upper channel border, which is currently around
~163.30.
So far, standard downwards
'border reaction' towards the lower edge may be expected soon.
Good luck.
PS. The lower edge of uptrend (since Feb 12) is
~158 now, and it's the next target.