Replies to post #31535 on lowtrade

[lowtrade]

Sears SHLD

There is a bear flag active with target of 30.

Negative to this happening;
True value or support @ 50, has not been broken yet.
The rubber band of 15% and 20% from the 20 day calls for bounce at 47 and 45, with other support levels @ 46 and 41, saying 45/46 is going to be tough to break.

Positives to this happening;
The FIBs bounce came from 38% so expect previous low to be taken out. 50 should fall.

Add it up 30 on bear flag with 38% FIBs bounce make it possible. Yet true value, support levels and the rubber band snap back add strong doublt for tatregt to be reached.

My call, some where between 47 to 41 flag breakdown and failed target of 30. But I wouldn't thade it until previous low at true value lower range is broken.

[revlis1]

hey norkel - classic reverse h/s, gap down @ 53ish filled - expanding vol. - upside gap @ 78.80. w/ a break and close above 83 @ the neckline on expanding vol this could go much higher, target 104.jmho rev