Tentative Price Objective/Target Calculations Using P&F Charts 31/08/2015.

At times we need to have some sort of an idea as to where the move may end. For this, we can employ P&F tentative price target calculations.

Lets start with BLD. I have calculated the current ( Last tentative price objective highlighted with Green) as well as the prior 3. As we can see, first bearish target taken from the high of $5.96 was quite accurate and slightly exceeded. After that we had the second target from the top marked as $5.80 where we did not even get anywhere near it,also the one from the top $5.68 was never met and negated.

Last and current one is taken from the most recent inverse V reversal TOP which is ACTIVE  & stands is @ $4.59 using VERTICAL/COUNT METHOD like the prior 3. Will this be met ? I wish I knew. If the current support zone is violated/broken there is a good chance that it may.

bldpftargets

Now to CSR below.

With CSR I have taken the last two BEARISH counts. First one was a Horizontal and the last/ current one was Vertical Count. We take what is available, representing the more realistic target/price objective at the time. In the case with CSR Horizontal count did a fine job first followed by the Vertical Count second. All the calculations are on the chart. At the moment CSR may be in the process of forming a mini base and if it did, we may be able to have a bullish count on hand.

csrtargets

Now to SPK below.

I did not want to delete my LINE CHART STUDIES on SPK therefore it does look a little messy. But we have an ACTIVE HORIZONTAL COUNT with SPK giving us a tentative bullish price objective of $3.25, all on the chart.

spktarget

Reminder, some of these targets are met, some as we know exceeded and some are not met.

Enjoy your evening.

Disclaimer

All the information and analysis provided on this website is general in nature and for educational purposes only and does not constitute financial advice. No content in any way implies a recommendation to buy, sell, hold or short sell any financial instrument, nor is it financial advice.

Investing and trading in financial markets carries considerable risk, and should always be done in consultation with a licensed financial adviser taking your personal circumstances, financial situation, objectives and needs into consideration. The information on this website is no substitute for financial advice.

 

 

 

 

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