Topic: Poll: What will be the bottom price for current downturn? (Read 775 times)
$250-$299, should bottom somewhere above the April 2013 top.
$390 seems a likely candidate if this isn't bottom
That, or a ping on (and confirmation of) the potential longer term lower trendline, which would be around $410
That, or a ping on (and confirmation of) the potential longer term lower trendline, which would be around $410
Judging by volume and orderbooks, this seems more like an intermediary bounce than a bottom. The question is, will 400 hold?
What do you think of Stamp's current order book? A wall at 470 and not a huge amount in the way of asks at the moment.
Judging by volume and orderbooks, this seems more like an intermediary bounce than a bottom. The question is, will 400 hold?
chessnut, do you have a chart for that?
the decline caused by the news has caused a panic wave of selling that meets the exact criteria for an elliot wave. e have had five waves down, three the largest wih most volume, a wedge fourth wave (contracting liquidity) and a final thrust fifth wave. now that we have a reaction above the fourth wave, the wave has terminated. if this is not the end, it will be some time before the next decline probably.
I feel quite confident that we've hit the lowest point already. I think things will go up from here.
I think it could hit $350 if the China ban turns out to be true. Don't see the price dropping more than that unless we get more bad news.
see above
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