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Luxottica Group SpA Message Board

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  • rbw1226 rbw1226 May 5, 2009 9:10 PM Flag

    How much lower?

    Ok people May 4 2009 could be an exhaustion gap up. It sure has been one heck of a ride since Oct.24 2008. My price target of 12.26 was a good risk/reward entry for a medium term trade, just as I thought it would be.

    Best Wishes,

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    • Yesterday, 7-20-09 price breaking above 22.02(5-8-09) could mean alot more higher prices. Using 22.02 high and 18.85 low(6-22-09) diff is 3.17!
      Add 3.17 to 22.02 = 25.39 target price(short term.)

      Also using 22.02(5-8-09) and 11.77 low(3-5-09) diff is 10.25! Add 10.25 to 22.02 = 32.27 target price(long term).

      But price needs to break above 29.86(5-8-08)high, for prices to reach 32.27.

      With the short interest ratio above 25% it could be a fast rise in prices to 29.86.

      Then maybe look for prices to dip to about 26.45, before going maybe higher.

      All of my price targets are just my speculation and any who read them need to make their own risk/reward choices. Also my price targets are not exactly where prices will go or not go. Prices could go higher or lower than my targets.

      Best wishes,

45.36-1.50(-3.20%)Oct 21 4:05 PMEDT