frsqy

GNW will do a head and shoulders breakout into ABC correction

Long
NYSE:GNW   Genworth Financial Inc
Right now, we are in a pennant consolidation, and I expect the stock to break out with good stimulus news. This will occur in a standard 12345 elliott impulse wave, and then we will have a huge ABC correction because GNW's real fair value is around $0.69. Thus, we have our ABC correction, in which the C wave subdivides into an elliott 5 move impulse wave.
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