15th Aug
RECLTD appears to have completed wave IV correction near 275 (50% of wave III) and there is good deal of buying visible. The stock should move ahead with wave V to target near 362.
However, more important is, as mentioned earlier, expect extensions in wave V taking it to much higher levels.
24th Jun
RECLTD wave structure suggests that it should head for minimum target of 404 but that may not be all.
This seems to be a good medium to long term pick with a possible multi sub wave serpentine count extending to much higher levels. 470/670+ seem possible over longer term.
Investment Grade pick.
RECLTD appears to have completed wave IV correction near 275 (50% of wave III) and there is good deal of buying visible. The stock should move ahead with wave V to target near 362.
However, more important is, as mentioned earlier, expect extensions in wave V taking it to much higher levels.
Weekly chart
24th Jun
RECLTD wave structure suggests that it should head for minimum target of 404 but that may not be all.
This seems to be a good medium to long term pick with a possible multi sub wave serpentine count extending to much higher levels. 470/670+ seem possible over longer term.
Investment Grade pick.
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