In the backlink I provided the chart below. It predicted one more slightly higher peak in $33.75 range before turning sharply downward.
The current snapshot shows that the final expected peak fell a bit shy of the mark, petering out at $33 before turning sharply down as expected. Still when couched in terms of predicting the future of the movements of a herd of wild animals, I'm pretty happy with the model.
The next support is the 38.2 fib but if that breaks down then the result could be a much lower share price. I would not own these shares.
Tuesday, June 16, 2015
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