Immediate targets 6.77, 6.39. Invalidation at 9.48 . We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely...
Looking at this form a pure technical perspective, you can see price approaching multi-year resistance. A rounding bottom turned to a flag by forming a series of HL (on shorter TF) and is now sitting above the Ichimoku Base Line, Two targets here.
Pending no bad news about litigation / investigation from Chinese authorities having merit, this stock is bound for $100. It will break the $50 level easily and keep going long-term. Buying strategies: $35 breakout $29 support 28.20 (.38 retrace) 25.50 (.50 retrace) 24.50 resistance becomes support Will not sell unless, bad news hits stock on chinese investigation
I see this coming back to prev resistance at 24.00
Look at this Market.. ok ok.. it doenst matter which market, but this is gone wild for the last couple of months.. perfect market cycle.. even foconacci Extension was working.. =) So lets crack da Nuts..: Whats going on and on and on - every market every TimeFrame: 1. Accumulation 2. First Pump 3. Accumulation 4. Second Pump 5. Accumulation 6. Third Pump 7....