SRNE
SRNE on the way UP, bullish to $8.40?SRNE looks bullish.
So far this has been climbing up my original projections, however, exceeding my highest highs as this stock continues to display an extension of wave 3.
IF in fact this current cycle of waves is only a WAVE 3 (per Elliot Wave analysis and rules), then this may reach and exceed the $21.00 mark!
So here are the targets if this count is valid:
Target 1 = $8.40
Target 2 = $13.87
Target 3 = $ 21.00 - $23.50
SRNE surprisingly resilient - still on targetno update, still on target
with all the doom in gloom in the US stock markets - nice to see SRNE trading well
SRNE Completing it HEAD and SHOULDER formation"? Or at least one of the shoulder points. HIgher Highs expected soon - lets see what the market does.
Extended 3rd wave? Doubt it, but we can expect some consolidation before it erupts into new territory after some time in the low $2.00
SRNE showing H+S formation with higher highs targeting $5 the Greater ABC correction can be seen here from $3.77 to 2.47 back up to 2.98 and completing its correction down to the E position at $2.15
Further more...this looks like a textbook 5-3-5 correction (Zig-Zag comprising of 5 waves down 3 waves up and 5 waves down.) the 2 ABCDE corrections at the start of Wave III and complete at start of Wave 4 illustrate this correction and its reaching its completion.
SRNE possible Head and SHoulder Formation Head and shoulders formation - rtarget is ~ $8.67 by March 1, 2018.
Quick analysis - first time charting traditional stocks versus crypto. Some similarity but to be honest, stock markets are weak. This clearly shows signs of extra-market interference, meaning these clearly are not free markets.
SRNE - Fallen angel type short term Long from $2.08 to $2.63SRNE seems forming a fallen angel formation. It may not be ready for a long term up trend but certainly ready for a short term push. It also has big insider buying on the 19th April. However We would look for a smaller play as stoploss is quite big here.
* Trade Criteria *
Date First Found- April 26, 2017
Pattern/Why- Fallen angel
Entry Target Criteria- Break of $2.08
Exit Target Criteria- $2.63
Stop Loss Criteria- $1.58 (May consider $1.64)
Please check back for Trade updates. (Note: Trade update is little delayed here.)
SRNE - Fallen angel type short term Long from $2.08 to $2.63SRNE seems forming a fallen angel formation. It may not be ready for a long term up trend but certainly ready for a short term push. It also has big insider buying on the 19th April. However We would look for a smaller play as stoploss is quite big here.
* Trade Criteria *
Date First Found- April 26, 2017
Pattern/Why- Fallen angel
Entry Target Criteria- Break of $2.08
Exit Target Criteria- $2.63
Stop Loss Criteria- $1.58 (May consider $1.64)
Please check back for Trade updates. (Note: Trade update is little delayed here.)
