littleriver

SUPER SEARS (SHLD) GANN FAN WEEKLY

BATS:SHLD   SEARS HLDGS CORP
192 2 1
As Sears looks to cash in with it's feature in Superman this summer, I decided to have a look. The chart has been spiraling down to this point since it's high in 2007 to form a very tidy right triangle. It will take the likes of superman to reverse course of this retailer. Looking at this weekly chart with Gann fans one of the things that stood out to me was crossing a red upward fan angle twice is always met with selling pressure. If this red weekly candle holds, I suspect price revisits the 40-42 dollar range again. The movie is expected to be released June 14. I plan on watching the movie and Sears.
I drew the Gann lines a bit different but came to the same conclusion. The difference is: I got a cross at abt 65.
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littleriver motleifaul
Thank you for the feedback. There is a great deal of flexibility on setting the fan angles. Mine are set based on average price movement per candle.
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