Hexatronic - why I bought the stockHexatronic seems to be in an uptrend in my opinion and it has retraced very deep every single time it made new all-time highs.
In EWT wave 2s are the ones that retrace very deep and if we take into account that there might be several wave degrees with 1-2 setups it means the stock might rise to new highs again.
Considering the retracement from the very bottom of the price history is already approaching the 88.7% fib level The risk is fairly low in comparison to the upside.
Based on the assumption of several 1-2 setups that need to unfold as 5 wave cycles the company has a bright future ahead and as far as I´m aware this is shared by the fundamental analysts as well.
Please, comment if you have questions and support my idea if you like it.
