kungfuguo
Long

SI Daily Analysis 10/12/2013

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This is a chart based on a previously made chart, Study of Gaps published 9/18/2013

SI Daily Analysis 9/18/2013


Overall, based on analysis of measuring gap, being the halfway point of the price movement, the resistance was calculated at $125-126. This proves to be surprisingly accurate, as it played out in the weeks following the analysis.

Overall, the momentum and price both experienced some recovery (not big of a hit from the macro issues comparing to the domestic stocks ). I expect MACD and RSI to both continue to recover, and I expect the stock to retest the resistance at $125. Fingers crossed.
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