Updated
ACB - Ending Diagonal for Wave C
About to complete, be on the look out for a bounce. Potential bottom target anywhere between $10.90 and $10.35. Trend based FIB retracement based on waves 3 and 4 suggest a target of wave 5 of $10.50.
I'm expecting to see some buying, with earnings coming early August. Longer term, this stock may recover to the $50 range.
I'm expecting to see some buying, with earnings coming early August. Longer term, this stock may recover to the $50 range.
Note
If this is not a wave 1 and 2, then what is... You may call it a bull flag, it is the same thing. Wave 3 looking for potential upside, but the bottom may not yet be in...Note
This kind of triangle often presents itself as a wave 4, indicating that the end of the move is near. If we extend the 0.5 FIB, we'll bottom exactly at $10...
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🅱🄰🆁🅺🆆🄾🆁🆃🅷
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.