Last signal *sell ~ 9200 based on SMI generated signal coupled with Transform for directional prediction.
Expect 7045 area to offer support based on transform exhaustion area. Neutral for now from bearish provided the support level mentioned holds.
Regression targets based on 5 and 10 event calcs.
Suitor in the wings rumor mill. Very possible targets that taken into consideration.
Otherwise, current rate of climb bias toward the 10 event calc.
As with any target ticker, considering that being binary in nature, radical price variances could occur.
Good Luck ........Happy Holidays.
Transforms work well in my experience with many commodities. Crude, tough to call many times. This works for me as a precursory approach. That said, the OBV increases and washouts act as check to validate further the indications of the transform. Testing phase, albeit, nearly complete. GL>
Double bottom possibility if not for the ACC/DIST dump occuring. MACD was accurate calling this out with the
reduction in Y axis top of MACD cycles. Furthermore, RSI confirmed early on the possibility of a decline of this nature.
Investments change on the spur of the moment. Presently, I would say the prudent approach would be the sidelines.
Once support is...
Several months back, this stock broke out with wholesale backing along with retail investor enthusiasm over several products in the pipeline with promising outlooks. Since then, .........news about ongoing trials with positive results to date. No bad news regarding any of the pipeline. IBB correction along with most of the biotech sector in normal...