Review of SUGAR (US@SB.1)
as of Monday, July 18, 2011
Today's Price Action
Change 0.1000 (0.35%) prices closed higher than they opened. with strong Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 26.59
Swing Vix: 28.72
The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of 2 period(s) ago. RALLY ALERT - (Short-term Market Bottom) Possible Breakout is likely due to strong market pulse projectionsThe Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range.
A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area.
*The last signal was a Over-Bought Sell 2 period(s) Ago.
The Swing Vix has just reached its lowest value in the last 14 period(s). This is bearish.The Swing Vix has set a new 14-period low while the security price has not. This is a bearish divergence. Since the PulseScan leads the market 3-5 days out we will wait to see if downside pressure develops.
*Since the last Swing Vix signal, SUGAR's price has decreased 2.45%, and has ranged from a high of 30.21 to a low of 28.20.
MOMENTUM
MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.
TREND STRENGTH - WEAK - RANGE BOUND (Prices have ceased trending and have become consolidated at this time) The market has put in a short term top. This means that the bulls are liquidating long positions thus taking some profit off the table.,
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 25.86
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 25.44
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 26.09
The close is currently Below it's Short Term TRENDLINE RETRACEMENT. - 28.80
Today's Sell off pushed prices on the close below the short term trendline resistance
INTRADAY PRICE PROJECTIONS
RESISTANCE 29.16
SUPPORT 28.15
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 31.33
PulseWave BreakOut SUPPORT - 25.18
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 56.52
Long term Trend Line resistance is currently at - 36.08
Long term Trend Line support is currently at - 25.86
MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 117.84
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 97.40
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 76.96
VOLATILITY
On 7/18/2011, SUGAR closed
below the upper band by 28.7%.
This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely.
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