SNSN schreef op 23 november 2017 09:53:
Pivot Points (for Nov 23):
PP=156.16Resistance: R1=157.10
Support:
S1=154.34; S2=153.43
Crucial (decision) point is
M-(155.25)Standard tech trading. The d-sentiment is negative - the stock is in the range between M- and S1 (see above).
On the st-horizon a (strong) two-days bearish reversal pattern -
'dark-cloud cover' - was formed on Nov 21 & 22. And the former 'fake' uptrend (since Aug 29) was not confirmed, but (with high prob) was definitely broken.
On the mt-horizon the prob is quite reasonable that bearish pattern - 'double top' is forming. Though, confirmation is essential.
Yes, price-volume correlations stay negative (the stock dives down at much higher volumes than it climbs up)
As for 'aex', by testing the support level ~537.4 at the lower edge of r-zone (take a look at recent posts) the index has formed new
'lower top' at around ~544.6 (see yesterday post), which is quite below the Oct 18 top ~549.5. Thus, one can say the 'aex' made a next step towards the 'right shoulder' formation for a classic pattern with the first target ~530/.
Good luck.