After rebounding millimeter to 38.2% Fibonacci at the descending trendline from the 09.2011 absolute maximum and maxima of 09.2012, and after breaking the uptrend line trend from the lows of June 2015 (1050 $). It is now exactly at the 23.6% Fibonacci rebound. If prices broke this level it should be running up to the $ 1,200 level. Perhaps with small stops around...
"Canon" is located in the area of congestion (accumulation). We find positive divergence (bullish _ with sales volumes growing and at the same time, the prices growing price). So, some of big investors, are covering, buying from little ones who are selling ........... (following the trend started the week of 20 / 27.04.2015) In conclusion, if we have...
What should you expect ??? Head and shoulders bearish with pull back on neck_line and resumption of downward up to 50% Fibo = Pivot Point ...... or bounce on static support (demand areas) to 114 $ and resumption of uptrend with 1st target at least 119 $, and if you continue on his run-up, you could be up to 124 $ and then, why not, to 128 ( right shoulder...
With a gap down to cover, it's possible to have a long stocks option, or better a Bull put credit spread
Break out at Key lev. ( 57.50 ) , we can see our price take 1° Target = 66$ and 2°Target price at All Time HIGHER lev. 73$. If not, we can see Head & Shoulder head and shoulders completely finished and technical rebound on the neck line
Released from the phase of the trading range that had lasted since the end of October '15, and reached the highest levels ever recorded, we could also expect a pull-back to around $ 55/56, (also due to divergence indicator) and then resume his race to prices never seen .....
Maybe it's a good time to a short term "Iron condor"......................
Operating Margin = +25.11% Gross Profit Margin = +58.33% Profit Margin = +16.10%
Event of an rupture of the support ( 118 ), may find a TP at the last support area. (Absolute minimum ????)
To confirm Weekly chart, we can see H & S on daily ch.
Buffet would have intention to acquire much of the underlying. We'll see Profit-target to $ 45 ?????
nothing to say. only 2 profit target in a long time
Market crash when the US dollar index begins to rise. (See the last two major collapses) The time will prove us right or wrong ???
Buy 44 Put and Call 45, good Strangle position, considering possible rebound or new down trend. 11% chance of loss, gain opportunity .......Time will tell