SNSN schreef op 10 september 2018 16:08:
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Hi Gastone,
1) 'double-top' pattern is just a fact, you know what this means;
2) uptrend since Aug 31 2017 was definitely broken - it's just a fact;
3.) the next/last (dynamic) support is currently around ~153, determined by the LT 'rising-bottom-line' since Nov 9 2016 - it's just a fact;
4) the stock is just a playground, and should the (dynamic) support at ~153 be broken, a principle change in 'rule of game' (upward bias since Nov 9 2016) can't be excluded (see ref to the post above), returning stock back to basic valuations on actual fundamentals (that is under 150 the way towards 'strategic lt-uptrend' since 2011 will be opened);
5) given (market) stochastic processes are definitely not stationary (on lt-horizons), the stocks' P/E-ratio should have 'strategic trend' (on LT-horizon) towards the 'sector mean';
6) as sector P/E-ratio is ~21, the current 'strategic target/value' for the stock should be indeed ~114 = 21*5.43 (in case of
'fixed' trailing EPS = 5.43). Actually it's just 'direction estimation', as the future EPS may rise/fall increasing/decreasing the stocks' strategic target/value';
7) by the way, actual 'mean' of 'strategic uptrend' since 2011 is currently around ~115 (read last week posts)
Take care.