Monthly and weekly show this to be pretty bearish. This will be a quick swing for a small 0.5-1R gain and leave.
Entry @19.32 for the MSR @ 1000 on the hourly feb 4th, I will hold for $21.00 based on the Resistance.
Sierra Wireless (SWIR) Premarket up 18.5 percent trading 19.30 as Q2 Earnings and Revenues Surpass Estimates $SWIR #premarket #daytrading #earnings www.zacks.com
Range set in 2007-2009 ($2.30 - 27.90) was finally broken in 2014 and proceeded to rally to 1.618 fib ~$45 (also high from 2004) Currently back down at 50% and at the start of the year eroded supportive bull trend line. Watching price action on dip to get long. Targeting long term rally to 2.618 fib ~$80 (high in 2000)
Just getting into Wyckoff so I married chart with Wyckoff and Andrews Median. It looks pretty textbook example of Wyckoff considering that Sierra Wireless is a leader in Internet Of Things and only has a very small share float. After the ATH when shareprice doubled in 3 months shares fell and appear to be re-accumulating after falling on good news - shakeout In...