SNSN schreef op 1 februari 2018 11:42:
Pivot Points (for Feb 1): PP=163.42
Resistance: R1=164.54; R2=165.86
Support: S1=162.10; S2=161.00
The (partial) volume is very low < 25 K per 30 min. (since 10am)Important:
- stock is forming (completing) bearish pattern - 'descending triangular'
- first pattern target is ~155, the second/final target is around ~150
- break-down point may be expected most likely within next 2-4 sessions
Just for comparison --> the same type of bearish patterns (descending triangular) was formed within Nov 21-29, right after 'dark cloud cover' (Nov 21-22), with break down point - Nov 29.
PS. Just don't forget about 'dark cloud cover' from Jan 26-29