*Fractal of 9 months extrapolation taken from 2014-2015 with no modification
*Current levels tracking march 2015 right before earnings even at that time
*The levels of capex have been sliding in the last 2 yrs while the debt/equity has grown
partly to sustain the huge buyback program started in back in 2016, which defended four times the price action with the marked trendline, now reasonable first target, if the fractal continues.
*Stop at all time highs, ideal target at 180 handle
*Current levels tracking march 2015 right before earnings even at that time
*The levels of capex have been sliding in the last 2 yrs while the debt/equity has grown
partly to sustain the huge buyback program started in back in 2016, which defended four times the price action with the marked trendline, now reasonable first target, if the fractal continues.
*Stop at all time highs, ideal target at 180 handle
Trade closed: target reached
