Here is the CURRENT PRE-MARKET SRPT DAILY CHART APRIL 25th.
We hit the $30 PTR yesterday and it HELD, with SRPT closing at $30.19 after an intraday low of $29.53.
That in not conclusive proof that the $30 PTR will reverse the trend but it is ENCOURAGING.
SRPT is TECHNIALLY OVERSOLD (not just an opinion) after dropping below the "SWING LOW" of April
16th on only 1.7 million shares versus the 6.8 million of the 16th. That is as BAD TECHNICALLY as
going over a HIGH ON THAT MUCH LIGHTER VOLUME. Either result is ONLY TEMPORARY AND
NOT SUSTAINABLE. If we had gone over a high on that much lighter volume; I'D HAVE TOLD YOU TO
SELL. Since we have gone under a LOW ON THAT MUCH LIGHTER VOLUME; I AM TELLING YOU
TO BUY. We have now dropped 5 straight days down from the $35PTR to the $30PTR; so odds on a
counter trend BOUNCE are QUITE HIGH and going HIGHER EVERY DAY. Yesterday, we filled a
PREVIOUS OPEN GAP FROM MARCH 4th (which as I've mentioned before often ENDS a
DOWNTREND MOVE) and daily volume dropped off from Tuesday's 3.34 million to only 2.2 million
yesterday, which is ALSO AN ENCOURAGING SIGN.
BUY FOR THE SHORT TERM AND WATCH: What I am saying here is that SRPT is GOING TO
BOUNCE so if you are any kind of TRADER: you want to PLAY FOR THIS BOUNCE AS AT LEAST A
SHORT-TERM TRADE. ODDS ARE VERY HIGH that SRPT is going to BOUNCE BACK UP TO
RETEST THAT LOWER TREND LINE BUT THAT IT COULD GET STALLED OUT IN THAT
OVERHEAD RESISTANCE AREA. SO ONLY BUY IF YOU CAN TRACK THE STOCK INTRADAY
OVER THE COMING DAYS; AS THAT WILL BE NECESSARY ON THIS TRADE. ONCE A SHORTCOVERING
RALLY GETS STARTED: IT IS HARD TO SAY HOW HIGH SRPT CAN GO: BUT
TECHNICALLY IF IT STALLS AT OR JUST BELOW THE $35PTR AREA...WE SELL INTO THE
BOUNCE. IF IT CLOSES BACK OVER $35; WE HOLD ONTO IT.
God Bless In All That You Do....Bud Rolfs
HEY BUD, Don't let these a-holes discourage you.
Your T.A. is pretty good.
It has limits but that is not your fault.
ALSO,..You have shown absolutely no signs of bigotry but your critics are reeking of it.
oh really i guess you didnt read buds response to miningphd after he ranted about the jews,mining insulted bud,bud then starts kissing his #$%$,telling mining how intelligent he is and so on. is that amade up name or are you just another self hating j
Bud. I do read your posts and feel your intentions are genuine. Though I trade mostly on different variables, I do like to look at all angles of a trade. I am very heavy in SRPT and have to be careful, so additional analysis never hurts when trying to time sells/purchases outside my core position. Thanks for the info. If people do not like your posts, they can put you on ignore...that simple.
Your analysis is helpful; please continue to post your views on technicals of the stock. For me, I'm not selling no matter what, but I I am very interested in your monitoring of SRPT.
Sentiment: Strong Buy
If you are planning to get rich by following the TA scam good luck.Watch late nite tv,there are over 100 ways to get rich quick.A fool and his or her money are soon parted.AHH who am i to tell you,go ahead go broke