Simple concept with a high degree of accuracy.
Take the peak price before a decline and
subtract the next low price from it, then add the results to the peak
price.
For example near term (days) $1.80
peak ignoring shadow extremes less $1.55 is $.25 plus $1.80 equals near term
price target at $2.05.
Short term (weeks) swing
rule $1.80 less $1.20 is $.60 plus $1.80 equals short term target price at $2.40.
Long term (months) swing rule $1.80 peak less $1.00 is
$.80 plus $1.80 is long term price target at $2.60.
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