If you have any questions, let me know. I am too tired to try to explain the thought process here. I'm hoping you will understand this analysis, based upon what you can see and read. The first target is expected around 90 days from now, while the second target is expected around 190 days from now. Buy: 0.5899, Sell: 2.1099 and 2.699, Stop Loss: 0.5600.
First of all, excuse the typo in the graph. I said vector CD ratio when I meant AD. Anyway. I used the closing values for point 3 and point 4 to calculate my positive and negative linear slopes. It would seem that the Xop downtrend bottom has been acquired. Although, using point 3's absolute low gives a value of about 37 at point 5 which could be reached next...
