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Sarepta Therapeutics, Inc. Message Board

  • bud_rolfs bud_rolfs Apr 29, 2013 2:51 PM Flag

    WHAT I AM WISHING FOR TODAY....TECHNICALLY

    Today, SRPT is retesting it's low from April 24th which was $29.53 on 2.22 million shares. An IDEAL BULLISH RETEST of that low would be:
    A. GOING BELOW $29.53 INTRADAY (which we did going to $29.36)
    B. CLOSING ABOVE $29.53
    C. DOING A and B on MUCH LIGHTER VOLUME THAN 2.22 MILLION SHARES.
    If we get A,B and C: we have STEP 1 of a "DOUBLE BOTTOM".
    STEP 2 would be a HIGHER CLOSE ON NOTICEABLE VOLUME WITHIN THE NEXT DAY OR TWO.
    May God Continue To Bless Us ALL....Bud

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    • Without news your charts may have some application. However, with significant news, one direction or another, the charts become obsolete. News action...trumps chart action. The daily diatribe is only good for the day traders. I am not trying to discount your intentions and knowledge, but this is not JNJ. May serve a purpose for those want to accumulate though.

 
SRPT
13.50+0.90(+7.14%)Dec 17 4:00 PMEST

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