has bounced at a very significant level of support. In May, 2012, the stock rebounded at .886XA and retraced to .786AB. The two reciprocal ratios for these fib levels are 1.13 and 1.272 respectively, which align precisely at the August 2015 low. There's also an ideal bullish Wolfe Wave
setup that completed in an the optimal WW buy zone, which again aligns perfectly in the PRZ. MACD
divergent and RSI
is oversold as well. To add to the bullish
bias, there are 7 missed monthly pivots
sitting above price to help pull it upward.
Confluence in the PRZ:
1. 1.13XA (Reciprocal of .886XA at point B)
2. 1.272AB=CD (Reciprocal of .786AB)
4. Ideal bullish Wolfe Wave
6. Bullish MACD
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