NYSE:BCEI BONANZA CREEK ENERGY INC
BCEI may have completed an at the end of wave C of a 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 , especially toward the end of the final wave in the sequence. It should also be noted that the has a price target of $9 according to research analysts at KLR Group.
Comment: Beautiful bullish pinbar forming at expected reversal level: