1) Nice long wave three from May 2017.
2) Nice wave four retracement into the green zone
3) Bounced off the 50 day EMA
4) Earnings have passed, so next primary date is ex-dividend date March 3rd (1% dividend)
5) Needs to close above the most recent high (5.94) to confirm moving up - higher high, higher low.
6) Stop at 5.15 support
7) Target is middle of fib extension at 7.61
8) The risk to reward is approximately 1:2.3
9) More conservative entry is the end of wave three high (risk-reward not as favourable)
2) Nice wave four retracement into the green zone
3) Bounced off the 50 day EMA
4) Earnings have passed, so next primary date is ex-dividend date March 3rd (1% dividend)
5) Needs to close above the most recent high (5.94) to confirm moving up - higher high, higher low.
6) Stop at 5.15 support
7) Target is middle of fib extension at 7.61
8) The risk to reward is approximately 1:2.3
9) More conservative entry is the end of wave three high (risk-reward not as favourable)