|
Post by huh on Oct 30, 2015 7:21:13 GMT -5
Longer term downside targets: 3.50, then 1.75
|
|
|
Post by birthmark on Oct 30, 2015 11:44:23 GMT -5
Yowsers Huh. I got a 9.07 average.
|
|
|
Post by novie08 on Oct 30, 2015 15:11:37 GMT -5
Longer term downside targets: 3.50, then 1.75 -12% today...better buy some puts Birthmark. Said by a woman who never buys them! Just had that itchy feeling market was gonna close ugly, still not in the shorts on my list. But I had my car washed.
|
|
|
Post by huh on Oct 30, 2015 16:29:33 GMT -5
There is a small glimmer of hope that IF it can get over 7.40 right away next week, it could go to ~9.10. Small potential iH&S on the 10 minute, but that same pattern did fail today so it would have to get over that fast. Take anything over 9.00 should the opportunity come up.To continue trading under 7.40 on Monday would likely mean the larger bearish patterns take over.
|
|
|
Post by birthmark on Oct 30, 2015 16:41:40 GMT -5
Thx Huh & Novie. Yes anything close to 9 and I'm out.
Have a good w/e.
|
|
|
Post by huh on Nov 2, 2015 14:48:20 GMT -5
Have to adjust that upside target to be slightly more conservative to ~8.95. Support now ~7.75.
|
|
|
Post by birthmark on Nov 2, 2015 15:37:05 GMT -5
Watching it Huh. THanks for the price targets.
GL
|
|
|
Post by huh on Nov 5, 2015 17:43:27 GMT -5
Watching it Huh. THanks for the price targets. GL Are you still in this one? If so, even though it lost that 7.75 support, still one last hail Mary shot here for a rally yet, especially if some of the tech names rally like I'm expecting. Scratch those long term upside targets I mentioned above for now, not sure what I was seeing there. Have to keep an eye on this (because they could be even lower). However, I am seeing a target in the 4.60's for the next down leg. Hopefully it does bounce huge first. If it does, there is a small possibility even for ~10.60's, but that could be absolute best case and complete an even larger bearish pattern with an even lower target. No matter what, this thing needs to get back >7.60, pronto. Under 7 would confirm the 4.60's, but I personally wouldn't hold it under 7.30 now (gap fill from 10/30 and final FIB support from 10/27 low)
|
|
|
SUNE
Nov 5, 2015 18:42:49 GMT -5
Post by birthmark on Nov 5, 2015 18:42:49 GMT -5
Thanks a bunch Huh. Yes I'm still holding, hoping for one last push up. If not I'm gone and will take the loss. Made money on this before but got greedy (once again).
Thanks again and I'm watching like a hawk.
GL
|
|
|
Post by huh on Nov 6, 2015 10:23:40 GMT -5
...but I personally wouldn't hold it under 7.30 now (gap fill from 10/30 and final FIB support from 10/27 low) Holding...holding... 7.51 now the resistance to beat
|
|
|
SUNE
Nov 6, 2015 12:35:41 GMT -5
huh likes this
Post by birthmark on Nov 6, 2015 12:35:41 GMT -5
Like a Hawk Huh!!!
Thx.
|
|
|
Post by huh on Nov 6, 2015 12:45:26 GMT -5
Here's to hoping for that squeeze now, though today might be rough. Over 7.62 gets 7.88, and over 7.88 gets at least ~9.00, but hoping for 10.00+ (~10.50-10.70)
Even if all of that happens, don' forget what it is - only a squeeze. A H&S_RS_Squeeze to a final FIB resistance, a dead cat bounce, an MM-Mulligan. If it does actually get that high, it'll likely happen fast and it'll be easy to forget what it actually is since everything about it will "feel" bullish - exactly like many WTW holders were feeling today when it was trading around 23.55 (though it is hard to bet against Oprah)
|
|
|
SUNE
Nov 6, 2015 13:40:09 GMT -5
Post by birthmark on Nov 6, 2015 13:40:09 GMT -5
Thanks Huh. I'm with you. I'm under no illusions. Appreciate your looking out and great work.
|
|
|
Post by huh on Nov 10, 2015 10:12:19 GMT -5
Ouch! What an intraday reversal! This market is merciless. Appears SUNE is halted for tripping the 10% move circuit breaker.
I hope you used a hard stop. Major resistance ~7.03 now.
|
|
|
SUNE
Nov 10, 2015 10:43:37 GMT -5
huh likes this
Post by novie08 on Nov 10, 2015 10:43:37 GMT -5
Biotechs getting hammered too...PBYI halted...know of hedgies owning this one.
|
|
|
SUNE
Nov 10, 2015 13:13:23 GMT -5
Post by birthmark on Nov 10, 2015 13:13:23 GMT -5
Yeah Huh. Out at 7.25. Took my medicine. It was bitter Thanks again. Where is the bottom on this?!?!? GL
|
|
|
Post by huh on Nov 10, 2015 13:27:23 GMT -5
Yeah Huh. Out at 7.25. Took my medicine. It was bitter Thanks again. Where is the bottom on this?!?!? GL The current H&S that confirmed today targets 4.60's. But there's another potential larger pattern that suggests 2.60's. That being said, it'll probably get some crazy bounce along the way (if it were to get >7.10 or so, there's a good chance of it still squeezing to that 10 area) I really wish this would've hit ~10 for you. I was really rooting for it. Even watching it diligently, hoping I could post Sell It Now!
|
|
|
SUNE
Nov 10, 2015 14:18:26 GMT -5
huh likes this
Post by birthmark on Nov 10, 2015 14:18:26 GMT -5
Thanks Huh. A bottle of cyber champagne is on it's way to you. I'll still be watching this one.
GL
PS-- Your FCX call down to 8.50? could be coming true soon!
|
|
|
Post by huh on Nov 10, 2015 14:39:31 GMT -5
Thanks Huh. A bottle of cyber champagne is on it's way to you. I'll still be watching this one. GL PS-- Your FCX call down to 8.50? could be coming true soon! Definitely no cyber champagne! Had it hit 10 (or even 9), then it would have been deserved. I saw the bearish set-up but really had hoped it would squeeze some more first. Don't buy FCX only because it hits that target. It could drop to $5's as well. I think it needs to at least see EURUSD under a buck before it could gain some traction. I still have a long term downside target for X <$4, and these two seem to run hand in hand.
|
|
|
Post by huh on Nov 10, 2015 14:43:33 GMT -5
BTW, seeing a second downside target for SUNE ~4.99
|
|