ロング

Potential entry on SAR at current market to $4 zone

アップデート済
SAR has very much entered a downtrend and conducting a Fibb review to high on 05/08/19 of $4.75 from low of $2.47 on 23/04/19 (73b, 105d), $3.56 on 02/07/19 (25b, 35d) and $3.97 on 01/08/19 (3b, 5d). Stock is currently in a free fall but has not broken the 1.618 extension. There is a potential cluster at $3.56 to $3.65 with a possible play to $4.21 to $4.30. This is from the daily chart.

Using a longer time frame the $3.59 is supported but the more likely exit point is actually $4.00 (zone).

スナップショット

スナップショット

The second chart indicates some symmetry play, supporting the levels identified above, on the 4 bar decline.

As this stock is in free fall there are no symmetries identified on the up at the moment.

These zones are supported in the hourly chart too; again no symmetry though.

スナップショット

The 15 minute chart is in a sideways pattern, as is the 5 minute chart.
ノート
This stock nearly hit the targets identified on the 1st of September. The 15 minute chart and the hourly chart are still in sideways, and the daily chart is not showing any support or resistance at this stage. However, the 5 minute chart is suggesting a change in trend, and if it can continue and find support above the $3.64 it could rally up to the $4 zone.
Fibonacci

免責事項