more specific targets ok - i see there is a want for more specific targets on PEY downside so i will endeavour to put them here for all to see.
Based upon monthly charts first;
A) 11.99 - 11.59 - 11.08 (i mentioned around 12.00 as i have a level coming into play at 11.96)
B) previous tops and bottoms cut through @ 11.59 - 11.52
C) Previous monthly chart for a 4th wave @ 8.41
D) 11.08 and 9.88 are two montly pivot points
E) Top of wave 1 from 2009 low @ 7.18
F) 2009 low @ 3.75 area
Weekly numbers:
A) 11.64 bollinger bottom
B) 11.08 and 9.88 - pivots
Daily numbers:
A) drops have been 5.84 and 5.89 dollars from 22.00 area, so, if there is a 5th wave to the downside on the daily coming it will target @ 9.99 area. also one at 10.24 for a different fib. number
that would be equal to the other drops, however, they could extend and targets would be much lower.
now all of this will break should the one thing happen and it is mentioned before;
- heavy volume to the downside in excess of 17 million shares and then a reversal to close up on the day and close at the high.
on the downside all bets are off to the viability of the company if the stock breaks 3.75 level on a weekly basis (two weeks close below).
fair enough for details?