This is a chart based on a previously made chart, Study of Gaps published 9/18/2013
Overall, based on analysis of measuring gap, being the halfway point of the price movement, the resistance was calculated at $125-126. This proves to be surprisingly accurate, as it played out in the weeks following the analysis.
Overall, the momentum and price both experienced some recovery (not big of a hit from the macro issues comparing to the domestic stocks). I expect MACD and RSI to both continue to recover, and I expect the stock to retest the resistance at $125. Fingers crossed.
Overall, based on analysis of measuring gap, being the halfway point of the price movement, the resistance was calculated at $125-126. This proves to be surprisingly accurate, as it played out in the weeks following the analysis.
Overall, the momentum and price both experienced some recovery (not big of a hit from the macro issues comparing to the domestic stocks). I expect MACD and RSI to both continue to recover, and I expect the stock to retest the resistance at $125. Fingers crossed.