Week of 9th June
Stock has galloped a fair bit since last post.
As mentioned there it is in a 5 wave ABCDE move and apparently has completed the terminal wave E at a fib level with a sharp sub wave c.
However, very close to the top there is an equality level (C=A) at 572 in alternate count.
This level of 572 would alter the entire wave count from a 5 wave impulse with extensions in wave 5 ie the current count, to an ABC count starting from 7th Aug at around 195.
It is best left to the stock to tell us the count. I would be circumspect with shorts on this level immediately but wait for confirmation may be in a couple of days.
Here is the daily chart with alternate count.
NB: It may well be that the stock is in fact on an extremely bullish count with targets near 800 but I would refrain to consider that count unless a few confirmations come about.
15th April
Micro Count.
Heading for 429 or more.
It appears to be moving in channeled or ED with 5 internal waves in its final 5th wave of Wave 5.
Wave A completed and now progressing in Wave B and should end bet 417 and 415 and that should be start of Wave C up toward 429.
Invalidation of this count below 412.
30 Min
Stock has galloped a fair bit since last post.
As mentioned there it is in a 5 wave ABCDE move and apparently has completed the terminal wave E at a fib level with a sharp sub wave c.
However, very close to the top there is an equality level (C=A) at 572 in alternate count.
This level of 572 would alter the entire wave count from a 5 wave impulse with extensions in wave 5 ie the current count, to an ABC count starting from 7th Aug at around 195.
It is best left to the stock to tell us the count. I would be circumspect with shorts on this level immediately but wait for confirmation may be in a couple of days.
Here is the daily chart with alternate count.
NB: It may well be that the stock is in fact on an extremely bullish count with targets near 800 but I would refrain to consider that count unless a few confirmations come about.
15th April
Micro Count.
Heading for 429 or more.
It appears to be moving in channeled or ED with 5 internal waves in its final 5th wave of Wave 5.
Wave A completed and now progressing in Wave B and should end bet 417 and 415 and that should be start of Wave C up toward 429.
Invalidation of this count below 412.
30 Min
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