ElliottWaveBelgium

GPS - Getting ready to break out of a 20 year base ?!

Long
NYSE:GPS   Gap, Inc. (The)
I'm late to the party here but we have clean price action and wave count, we can therefore take advantage of the smaller mouvements not only the bigger ones.

In this case, I'm waiting for the orange wave iv pullback to start initiating some longs that could yield some 20%-25% without much risk.
Red wave iv will be the more interesting move afterwards.

Btw this stock has been consolidating since 2000 and could get ready to breakout !
And you know the saying, the bigger the base, the bigger the breakout !

So, definitely keep this one on your watchlist and even think about putting it on your longer term portfolio.

Another very interesting aspect is that Dividends could come back soon!

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Thanks !