Sears Holdings

Here is a daily chart of Sears Holdings. I last commented on this chart here.

I think SHLD will hold support near 134. This is just a tad below the 1/2 point of one of the 23 point boxes which is the typical place at which the market stops a swing. My upside target for SHLD is the 1 and 5/8 multiple of its recent low near 111. I would also point out that the midpoint of a box is at 183 and that 183 is also a Fibonacci multiple (13) of the all time low near 14.