SNSN schreef op 6 september 2018 11:11:
[...]
Just business as usual. The 'first target' was hit as planned. The next (second) target is the s-zone around ~163.
Just take into account that:
i) the 'falling-bottom-line' determining the mt-downtrend since Jul 24 was broken down today at ~166 (coincides with the 'first target');
ii) the lt-uptrend formed since Aug 29 2017 was (definitely) broken - the 'lt-rising bottom-line' is ~174.5 today);
iii) though, there will be an attempt for the stock to rebound at around ~163, the prob is high that the upwards 'border reaction' will be weak and limited by the ~175-178 level;
iv)
the most probable 'rebound level' (though highly likely at a limited power) will be the LT s-zone ~156-153 given by the static support at ~156 and the 'lt-rising-bottom-line' determined by the points ~90 (Nov 9 2016) and ~93 (Dec 5 2016) (and touches the 'bottom' of Jul 5 2017) --> the line is currently around ~153.
Don't also forget that above ~120 the stock is just a playground, and the company fundamentals are not so important anymore (firm's growth capacity is saturated).
The company worth (DFE model) is just within the range ~75-161 (based on the most 'bright assumptions'). The trailing P/E-ratio was ~ 32 (=175/5.43), while the P/E for semiconductor sector is ~21 in Q2 (was ~23 in Q1).
Good luck.