Sears Holdings

Here is a daily chart of Sears Holdings (SHLD). I have drawn the bull market boxes which are 23.60 points high.

Sears Holdings lowest price since its public offering was 14.72. This is a bull market so I think a reasonable target for SHLD is 251.80 by the end of the year.

Meantime you can see that the market has bounced off the 1/2 division point of its second box at 161.30 but I think it will hold support at the 1/4 division point of the same box at 155.50. The next big move should be upward to the top of the current box at 173.10.