Target 20 on upside... if Hillary wins ;-) Typically a 3rd touch should breakthru and confirm bullish. Target 14.5 on downside.. if any uncertainity.
US Economy is in trouble with higher interest rates. And Not sure if USD continue to be higher, FED will skip the Dec interest rate hike.
Looks like the stock bottomed on long term trendline and turning around for upside.
Next quarter earnings should be healthy with the comcast license signed.
Not sure which direction but chances are more towards UPSIDE, if we clear 50/200 SMA around 97~97.50
Will it survive BREXIT volatility and its new highs ? Odds are not in favor. Price moved faster than MACD curve. RSI is in sync.
www.thestreet.com Expect a false breakdown but look for opportunity if it comes back up. Close Above 9 will be more convincing.
Surprisingly SPY Rise/Fall both are co-incidentally in the range of 70~80 degress for last 1 year. If this is a pattern to follow, we should see the same 70~80 and back to 1850 levels in next 2~3 months similar to 2015 Jul~AUG. Checking this study tool first time.
After a nice bullish harmonic bottoming pattern, kinda false breakdown of TA and back above. Nice penant breakout. Next hurdle is to cross 18.
Looking good wit h AB-CD pattern targets and support.
No co-incidence but a strict machine algorithms trading. I expect retrace back up to 0.618/0.382 from bottom to top ratios in next 2~3 months, unless markets are holding it back.