I posted a chart on this stock a little while back suggesting a top was in and it worked out pretty well (red count) but this alternative blue count is starting to catch my attention. Could we be looking at a classic ending diagonal for this stock (and perhaps US equity in general)? I will certainly be keeping a close eye on the reversal of the recent decline and see if it gathers some strength....
Comment:
Ummmm? Keeping an eye on this. Nice reversal off the 76 fib retracement (log).
