Cookie.......not sure how you are interpreting the indicators, from my chart the share reached a intra day high of 438 on the 21/11 - a posible buy was signalled on the 28/11 and the upper BB 440.5 on the 29/11.
What gives you the impression of reaching 500?
[This message has been edited by Uncle (edited 30-11-2000).]
Not in the time scale you are talking about but have a look at SBRY every March/April. Always seems to start a decent trend around then. Perhaps that whole sector does, but its something to remember for next Spring.
Look at it on weekly charts if poss.. take the noise out.
Checked my chart interpretation with my friendly 'Analyst' who confirmed that the strong bounce over the few days to the end of last week, in terms of both price and volume, confirmed head and shoulders interpretation..."off the neckline after the pullback, bounce continuing with strong possibility of a 500 target. Also strong development within a rising channel.
I've only just started this analysis and I'm getting disillusioned already.
Eventually Bought at 406 - T+10 so I've got till next Mon to settle. I have a tight stop loss and will dump pronto if heading south.
I don't really follow SBRY,i made the comment because i felt you were diving in without sufficient justification.
Why not paper trade first to see if your TA is correct.If you know something else, your fundamentals eg, then fair enough.
I must have at least two reasons before i trade even if one is intuition.
Good luck mate