LSE:DRX DRAX GROUP PLC ORD 11 16/29P
From my analysis Drax PLC may have a little further to retrace for wave 2 but it may be about to embark on some serious upside. According to this count it may have completed a correction that started in 2006 and may now be resuming its upwards trend. For the more pessimistic, my completed C wave may not be deep enough and might only be the end of its wave 3 and the upswing going on now may only be the 4th wave correction before further downside. I, however, am going with the more optimistic view although I will be keeping an eye out for the alternative count.