glennmercer
Long

BCEI: Possible Ending Diagonal to Spark Huge Rally

NYSE:BCEI   BONANZA CREEK ENERGY INC
BCEI             may have completed an ending diagonal at the end of wave C of a zig-zag correction. This could send the pair on a rally toward its price target at around $9. In addition to the wave count, the current level is confluent between .618A=C, 1.786i=v, and iii=v which are all important levels to watch for support and resistance , especially toward the end of the final wave in the sequence. It should also be noted that the stock has a price target of $9 according to research analysts at KLR Group.
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Comment: Beautiful bullish pinbar forming at expected reversal level:
Comment:
snapshot
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