I've figured a way to share the SRPT CHART VIEW with you without you having to contact me in any way.
I originally posted an initial SRPT DAILY CHART as of Saturday, August 24th, and have now updated that chart for you as OF THE CLOSE TODAY, SEPT 4th.
Just go to DROPBOX on the internet; which is a free cloud storage and file sharing site.
Use the following to sign in:
ID use my bud_rolfs at gmail address (in the correct e-mail format of course)
That should take you to a dropbox storage location with a pdf file showing the latest SRPT chart view and analysis.
Even if you do not understand TA (or believe it) you WILL UNDERSTAND this and it CANNOT POSSIBLY HARM YOU. (And just might HELP YOU.)
Just open, copy and paste to your desktop.
GOD BLESS YOU ALL....Bud
IF SRPT does break back into the uptrend channel and goes full channel, does it go to about 55?
I think that's how I interpretted your previos reviews months ago.
Sentiment: Strong Buy
SRPT has to both go back inside it's prior uptrend channel AND confirm by staying in that channel on the subsequent retest; but yes if it does both those things,odds are it will then run to the UPPER TREND LINE of that prior channel and not only "TO IT", but above it, because it will have made a FALSE BREAKOUT ON THE LOWER TREND LINE (OVERSOLD) and therefore must pair that up with an OVERBOUGHT (FALSE BREAKOUT ON THE SUBSEQUENT RETEST OF THE UPPER TREND LINE. "Oversolds" and "Overboughts" always happen in "pairs".
I cannot say exactly how high SRPT will go for that move because of the diagonal nature of the channel, but any move over the $47.35 JULY MONTHLY HIGH ON MONTHLY VOLUME OVER 43 MILLION SHARES confirms the long standing huge ABC UP PATTERN on the Monthly Chart that projects to between $63 and $88 (with about a 5% chance of spiking as high as $125).
(Just understand that in the short term, SRPT is still a very high risk stock with pretty high odds of going to that $25PTR prior to bottoming.)
CHART NARRATIVE FOR SRPT DAILY
The BLUE HORIZONTAL LINES are PRIMARY TRADING RANGE LEVELS or "PTRs" for short. PTRs are HORIZONTAL SUPPORT AND RESISTANCE LEVELS (depending on which way price is trying to move. Once crossed; they ALMOST ALWATS demand a RETEST.
PTRs are the STRONGEST LEVELS of SUPPORT AND RESISTANCE and can CONTAIN A SIDEWAYS CONSOLIDATION MOVE.
The THIN RED HORIZONTAL LINES are "MID-PTR ICE". These lines are also SUPPORT AND RESISTANCE levels but are weaker than the PTRs. These lines are often strong enough though to cause at least a temporary REVERSAL IN PRICE MOVEMENT.
The THICK BLACK SOLID DIAGONALS are CHANNEL TREND LINES. As shown, SRPT is currently in a DOWNTREND CHANNEL; but is doing a FULL CHANNEL WIDTH BOUNCE (to test the UPPER TREND LINE AREA).It is bouncing within the DASHED BLACK SUB-CHANNEL TREND LINES (of a SUB-CHANNEL). It is most likely to TEST THAT UPPER SOLID DIAGONAL AT THE $35PTR AREA (where it will also hit OVERHEAD RESISTANCE.
ODDS FAVOR IT RESUMING THE DOWNTREND CHANNEL ONCE IT HITS THAT UPPER SOLID CHANNEL LINE. (Because trends tend to stay intact, and volume is very weak as SRPT is heading up there toward such strong resistance. The MARKETS themselves are ALSO IN DOWNTREND CHANNELS CURRENTLY and are also only doing short term bounces! For SRPT to BREAK OUT: it must CLOSE OUT AND OVER THE SOLID UPPER TREND LINE AND STAY OUT UPON ANY SUBSEQUENT RETEST OF THAT UPPER CHANNEL LINE.
If SRPT fails to BREAK OUT on the upcoming test of that UPPER CHANNEL LINE (and remains in it's DOWNTREND CHANNEL) ODDS ARE IT WILL RUN DOWN ALL THE WAY TO RETEST THE LOWER SOLID TREND LINE AGAIN (likely at the $25PTR AREA!)