SIMO: Recovery To All Time Highs?
SIMO has retraced a significant amount of its Wave (iii) upside from its all time high $56.21 in Jul 2016.
Fibonacci: It appears to have bottomed up and rebounded from its 61.8% retracement.
Indicators: Momentum divergence of RSI and MACD is supportive of the analysis.
Look for a conclusive break above the Ending Diagonal for a high confidence trade.
If the expanded FLAT is indeed completed, look for upside northwards of $56.21.
Any break below its ending diagonal low at 37.37 will invalidate this trade and indicate other options.
Fibonacci: It appears to have bottomed up and rebounded from its 61.8% retracement.
Indicators: Momentum divergence of RSI and MACD is supportive of the analysis.
Look for a conclusive break above the Ending Diagonal for a high confidence trade.
If the expanded FLAT is indeed completed, look for upside northwards of $56.21.
Any break below its ending diagonal low at 37.37 will invalidate this trade and indicate other options.
评论:
Prices appeared to have completed Minuette Wave 4.
Watch for a retracement test of the criticial support (Dotted Red).
A successful retracement will result in upward price target of $56.21 onwards.
A break of this critical support will invalidate this trade.
Watch for a retracement test of the criticial support (Dotted Red).
A successful retracement will result in upward price target of $56.21 onwards.
A break of this critical support will invalidate this trade.
交易开始:
Consolidation appears complete.
Trade at your own time and target.
Trade at your own time and target.
交易结束：到达目标
Prices are moving in the anticipated direction.
Watch for strong break of trend channel to confirm breakout to near term high at $56.25 and beyond.
Break of Critical Support will invalidate this analysis.