$35 is a PTR on the SRPT DAILY and typically when you break above or below any PTR you get a retest.
Using the Fibonacci calculations on the latest leg down on SRPT, it is likely to bounce (short term) to the $34 to $36 area prior to the next leg lower to and likely a bit below the $25PTR.
Told you last week in the post above, we would only bounce to the $35PTR area +/- a $1 (we topped at $34.71) and then do the next leg lower to $25. Today we are breaking to a NEW LOW ON VOLUME, and should finally retest that $25PTR (long ago forecast on the SRPT charts).
Will it bottom there? It will still be in a DOWNTREND SUB-CHANNEL, but will hit the lower SUB-CHANNEL TREND LINE THERE, so likely to bounce. Hot the bottom on first dip though, as the initial low it makes will need a retest eventually. Final low likely at the $22.50 MID-PTR or $20PTR AREA.
PS: Let me save the usual responders some time:
A. I volunteer that my posts have no validity or relevance for anyone.
B. I volunteer that my posts are stupid and that TA does not work on stocks like SRPT.
C. I volunteer that I have been nothing but wrong on SRPT and remain so.
Technically speaking you remain a total idiot. Still imaging (fantasy really) that any of the action over the last month is even vaguely related to your analysis.
News and only news moves this.
You have been dead wrong and remain so. Go work a bank stock and stop pretending you have anything of merit to say here.
I did my very best to warn you that SRPT was signalling technically that odds were very high that it would drop to $25.
You said there was "NO POSSIBLE WAY IT COULD EVER DROP FROM $45 TO $25."
So far, it is down $15 off its high and the correction in the markets has just started.
You refuse to acknowledge that the charts predicted the drop so far or even the possibility of the remaining drop to $25, but I am wrong and I am the idiot.
When it does retest $25, I know that to you it will be strictly a coincidence and the charts did not possibly forecast it. (Even if they did...!)
I am not happy that you lost money, and may lose even more. I feel sorry for you.
My only wish was to prevent such things for as many people as possible.
Despite your hatred, I love you and all the others on this board and wish you only the best!\