Short
The end of an extended 5th wave??
In my mind this stock may have. or be about to, finish a long run up that began back in 1996. From a purely visual perspective on the arithmetic chart it looks like that the run up from 2009 may be an extended wave 5. If that is the case expect a severe drop when it does turn. For my 5th wave I have included 2 possible counts, one which finishes the wave 5 already and another with one more leg up to go.
Note
Top in??Note
Or one more leg up?Note
Not looking great for this stock....
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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.