Correction
Testing 230 moving average 3 times. And still standing above 230 day moving average. Weekly Close price equal to 5 days average Short term bearish equal to short short term bullish.
After 4 while solider from weekly chart, We think correction target might be at:
1. 45.31 (Reach) = 7.71 x 0.382
2. 44.41 (Reach) = 7.72 x 0.50
3. 44.05 (Near) = 11.02 x 0.382
4. 43..50 = 7.72 x 0.618
5. 42.74 = 11.02 x 0.50
6. 41.45 = 11.02 x 0.618
*7.71 = 2016/04/29 0900 high 48.26 minus 2016/04/18 0300 low: 40.55
*11.02 = 2016/04/29 0900 high 48.26 minus 2016/04/05 Low 37.24
Daily chart has 3 black crows right now, therefore, it still need to observe what direction of testing low.
Weekly: 4 while solider. Bullish. May have correction. Maybe can buy it from correction for medium term.
Monthly 3 white solider: Bullish. May have correction. Maybe can buy it from correction.for medium term.
We have bought 1/3 positions that we affordable from 44.20. and we will continue to buy the another 1/3 position if price reach near 43.50, and 42.74. we set our stop loss at 41.40
After 4 while solider from weekly chart, We think correction target might be at:
1. 45.31 (Reach) = 7.71 x 0.382
2. 44.41 (Reach) = 7.72 x 0.50
3. 44.05 (Near) = 11.02 x 0.382
4. 43..50 = 7.72 x 0.618
5. 42.74 = 11.02 x 0.50
6. 41.45 = 11.02 x 0.618
*7.71 = 2016/04/29 0900 high 48.26 minus 2016/04/18 0300 low: 40.55
*11.02 = 2016/04/29 0900 high 48.26 minus 2016/04/05 Low 37.24
Daily chart has 3 black crows right now, therefore, it still need to observe what direction of testing low.
Weekly: 4 while solider. Bullish. May have correction. Maybe can buy it from correction for medium term.
Monthly 3 white solider: Bullish. May have correction. Maybe can buy it from correction.for medium term.
We have bought 1/3 positions that we affordable from 44.20. and we will continue to buy the another 1/3 position if price reach near 43.50, and 42.74. we set our stop loss at 41.40
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