Monday, June 26, 2017 12:29:11 PM
I use odd days instead of weeks and months to blend in the effect of paints and options expiration, etc.
Median LT VBP is about $7.21 we could slow then but I don't expect much.
The yellow line marks an area of weakening resistance over $10, often those areas become a line of defense.
Depending on the timing of fundamentals we could see a trading range take root in that range, or we could see a cup and handle form at that range and then a launch to $20 like we saw in 2015. I think the clarity of the forming cup and handle indicates that we will see one at either $7 or $10 and then a rapid launch.
I rarely use Fibonacci, but I see a significance in the concurrence with the $7 and $10 levels and the Fibonacci as confirmatory.
I would love to see some timeline comments from other posters more intimately acquainted with the science. I have followed this company for a long time and I know it is reaching maturity but I primarily trade on charts because buying a great company at the wrong time just sucks :)
In Peace, In War
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