The bearish volume is decreasing for the past three days and the stock is in its pull back for now. I would like to see the stock to come in between the $104 -106. Use limit order to put in your trade. A strong pull back to $104 at the 61.8% Fibonacci level will then let the price rally up to $140-148. In addition, the 61.8% also lies on a previous resistance...
This stock is showing interesting characteristics since Sep. It makes a new high and then retraces back in 2-4 waves back to its support in the 78-80 area. It retests it every time even to break the support it time but then surges back up to challenge or to break the previous high back again. currently it is in the downward swing but that can be attributed to...
The 4hr time frame suggets that the pair has broken its ascending trend and is ready for a pull back before continuing its trend upwards. Once it breaks the previous low at 102.945 where the Pivot support also exist, I would expect it to atleast goto 102.000. However my target is at the 101.300 range where my hourly fib extension lies along with the 4 hour fib...