SNSN schreef op 4 dec 2018 om 20:03:
[...]Nothing new on mid-term horizon:
The mt-downtrend (since Jul 24) is intact.
At ~155 the stock has tested (yesterday) the upper edge of mt-downtrend channel. There was no necessary (lt/mt-buy & accumulation) power and so far the resistance at upper downtrend edge couldn't (and was not) broken upwards yesterday. The upper edge of mt-downtrend is ~154.8 today.
Thus, you saw just standard downwards short-term 'border reaction' at the upper edge of mt-downtrend.
For those interested in 'fundamentals', one of the most important reasons for structural (downwards) changes in the stock price dynamics (since July 2018) is a very high prob. for the 'EUV-industrialization' (main strategic objectives) could be unsuccessful (read old posts). Indeed, delivery of EUV-systems was first scaled down from 22 (mid 2017) to 20 (mid 2018) and then againe to 18 (last q3-report). Of course, there are some other (fundamental) reasons.
By the way, you were informed about downturn a year ago, as the stock was highly overpriced (just take a look at old posts).
Again, there is a very high prob. that the 'EUV industrialization' for 2019 (scaled recently down from 30+ systems to just 30) will be scaled down further. Of course, some 'accidents' could further speed up structural processes...On short-term horizon:The prob. is high the stock is just forming new (lower) 'high'. So far, the stock is highly likely just on the way down from the upper edge of mt-downtrend towards the 'first target' ~136 ....