Pivot points (for Dec 13): PP=147.67
Resistance: R1=148.65; R2=149.53
Support: S1=146.78; S2=145.82
Crucial (decision) point is M-(147.25)
Standard technical d-trading at low (and almost flat) liquidity --> possible indication for a 'turning point'. The d-sentiment is negative, the stock is under the M-
The stock has broken under the lower edge (~148.5 right now) of short-term uptrend (since Dec 4) well before the 'critical time' ~15.00 (read yesterday posts). Though, confirmation is needed.
Anyway, on the mt-horizon the (negative) 'downtrend drift' (since Nov 1) is intact.
The upside potentials are limited by the r-zone ~149.5-150.5 formed by the static & dynamic resistance (read old posts).
The prob. is really high the 'pattern target' ~142 (read posts from Nov 8) should be re-tested again, and the next target should be ~136 --> the upper edge of support zone ~136-133 (read old posts).
On FA side - on Jan 17, 2018 the company will report Q4(2017):
EPS = 1.26 at 'net sales' = 2.28 .
The figures above are based on numbers provided by the company. So far, one can expect:
- Q4(2017) earnings will be lower than in Q3(2017);
- Q4(2017) EPS=1.26 will be almost the same as EPS=1.23 in Q4(2016).
- at growing 'net sales' - 2.28 in Q4(2017) and 1.908 in Q4(2016) - the EPS in Q4(2017) will not grow up relatively to Q4(2016).
As for 'aex', the index has broken above the r-zone ~547.8-549.6. Though, confirmation is essential.
The prob is high the index could form bearish reversal signal - 'bearish harami'.
Good luck