So far nothing impulsive, but wave 5 could still extend here.
Anticipated move achieved. Now looking for a small pull back before reaching the zone of confluence.
This is the time to buy. If you missed out on GWPH in the early days, this is your second chance.
Revisited this count and finally saw this ending diagonal. I am cautiously bullish here. Breaking above the trend line (breaking above $7) would be extremely bullish. Scaling in from $5.50 Stop loss at $4.90
Company still bleeding money, market cap out of touch with performance, investors not ready to pump to new levels...? Expecting a bounce to upper resistance, then more downside.
Bounce coming? Bullish or Bearish? You decide...
If you don't know the company, read up. Solid count. Bounce looks impulsive.
Levels on watch... Currently lacking strength. Count invalidated when the line breaks.
Maybe one final low to .618 / $16.37 before bouncing? Potentially complete here. Needs to break above MA8 Daily = $17.56. Wave 3 target potentially 40% upside. Breaking below .618 could mean loss of momentum.
As said, the pre earnings impulse was impossible to count. Now that that we have our correction, we know the top is in, and we can fill in the blancs. The bull thesis is valid as long as APHA doesn't fall below $4.16. There is a gap to close at $4.42. This sell off was nonsensical, in my opinion, even though it was expected after such an insane pump. Still,...
Fantastic run up, and at the retest of upper resistance, made a higher high. I am currently leaning towards the bull side. We have just completed a wave 3 (or C), then made a higher high in a flat correction. Watch the levels closely, we could see continuation from here.
Previous idea suggested a possible move to MA50 daily. Chart looking bullish, could break higher from here. Next targets $0.22 and $0.26. Falling wedge on the weekly. A break above that upper trend line would imply that we caught the bottom. I still had an order for another tranche at $0.11. DOH!
Not entirely sure, but certainly has momentum... Cloud bounce higher?
Finally. I still had a buy order at $0.11, but that one won't get filled now. I've accumulated a bunch, and currently looking for a test of MA50 daily at $0.18.