An intraday high potential, Back Tested Long Analysis.
We ll try to enter into the correction of the downtrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
$SFUN Holdings / Fang (formerly SouFun) is trading right in my zone. I'll be looking at some calls for mid-July if possible -- depending if we see the sign of the first bounce or not.
Looks as if support is available at ~$4.50 territory, so if it reaches there, I'll enter. If it begins to bounce before then, I'll also scout an entry at that time.
6/22 ER date...
It has broken support and continues on a downtrend.
*Volatility to stay within range of the lower band.
*Deviance in the future from the lower band.
*Support from the $2.35 levels from July 2012.
(Thesis: If the large investors saw good value as
they did back in 2012, then they should be buying,
else we have no demand and price continues to fall)