ANNJOO IN EW ABC CORRECTIVE ZONE IN DAILY AND FIBO786 IN WEEKLY

One can take a long position on ANNJOO as it is spotted rebounding from its 52-week low which happens to be Elliott Waves' ABC corrective zone where the price has completed the 5 sequence. If seen on a weekly chart, the price has been clearly consolidating at fibo786. Proposed retracement EP would be 1.045 and the proposed CL is 0.980 which is below the 52wl price. Potential TPs will be at fibo levels in the daily chart.