Monday, November 3, 2014
BABA EPS Projections with explanation video
REJ TGT = Targets where stock May be Rejected after a measured up. -23.6% 78.6%
BZ = Bounce Zones where a stock may find support and bounce after a Retracement. 50% 61.8% 78.6%
REJ = where a stock may run into Resistance after a move up. Can also be 50% 61.8% 78.6%
TGT BZ = where a stock has made measured a move down and may find support and bounce.
The "1 ,2 3", aside from representing the various Fib Levels can also be thought of as a form of risk management: ie) level "1" is first key Fib level and may be riskier if considering an entry, Level 2 and 3 "May" be less riskier but you also take a chance of missing a trade because it reacted to the level(s) in front of it.
4 PROJECTIONS Scenarios
I Studied 3 Measured Moves that I found to be significant enough to make potential inflection zones.
The most recent is based on the 5 previous sessions on the Daily Time frame.
REJ TGT 1=101.70
Based on previous 2 weeks:
Based on All time Low to All Time High
Based on IPO "Pricing to All Time High
My final study of all these scenarios finds Confluence at the 94ish Level & 91.64-89.5 and failure there leads to the 83ish level. A break of that area could send stock lower to 75ish. To the upside I find Confluence from 102.34-105ish. Those are my Opinions only.