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Sarepta Therapeutics, Inc. Message Board

  • bud_rolfs bud_rolfs Mar 25, 2013 8:34 AM Flag


    DAILY CHART: SRPT has been in an UPTREND CHANNEL since about mid-January. Of course, it always takes a while for a channel to become recognizable; but in retrospect, that is when it started. On March 14th, SRPT finished the C-Leg of an ABC Pattern and hit the upper trend line of its channel with almost 4.2 million shares, and then DOUBLE-TOPPED on only 2.1 million shares on March 19th. (ALL TOPPING SIGNALS) It should now pull back to between $31 and $32; IF IT CAN STAY IN ITS CHANNEL.

    WEEKLY CHART: Finished a 1.618 Fibonacci Expansion C-Leg ABC (Very stretched) at WEEKLY MID-PTR ICE (often a REVERSAL AREA). Strongly signals a pullback likely to the $30 PTR; which (if it HOLDS) would set up a NEW ABC to the $40-$45 area.

    MONTHLY: This is the HUGE ABC set up that reflects "the BIG EVENT" we are all expecting. This MONTHLY ABC projects primarily to between $63 and $78 with 5% chance of going as high as $89, and another 4% chance of going as high as $126; IF we could get a MONTHLY CLOSE over $45 on more than 90 million shares monthly volume. If we close over $45 on less volume, max height COULD be reduced. Any move over the $60 PTR will likely force a subsequent RETEST of $60, unless there is a buyout offer.

    God bless......Bud Rolfs

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