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Cornerstone OnDemand, Inc. Message Board

  • journeyintowealth journeyintowealth Dec 7, 2012 8:43 AM Flag

    Where will the bottom be?

    Lowest price - $11.50 on September 21, 2011
    Highest price - $32.50 on October 5, 2012 = up 2.826 fold in just one year and two weeks.
    It is now time for the 61.8 percent retrace of that powerful move, as longs take their profits and shorts short the heck out of CSOD

    The move was $21.00
    61.8 percent of that move = $12.98
    $32.50 - $12.98 = $19.52
    Nearest support to the 61.8 percent retrace is at $18.02
    I am usually within 20 cents of my predictions and I say the bottom will be $18.06

    Sentiment: Sell

 
CSOD
29.17-0.64(-2.15%)Apr 21 4:00 PMEDT