SNSN schreef op 19 april 2018 16:26:
Since Apr 3 the stock was forming
'rising wedge' (reversal) pattern.
The 'lower support line' was tested (and 'preliminary broken') on Apr 16. Though, necessary confirmation came just yesterday.
The first
'pattern target' should be
~154.
There are several intermediate supports on the way down. The stock is testing just one of them --> the st-support at
~162.40 Good luck.
PS. For those interested in FA & TA --> the same
'rising wedge' pattern was formed last year (Oct 18 - Nov 7). For more FA & TA details just read yesterday posts, as well as those from last Oct-Nov.