Not sure about my counts here

33 3 2
But RSI shows clear bullish divergence here
Can you draw out your target and your stop loss?
Not too sure about their financial situation. Very hard to read the financials in a lot of the oil and oil service co's. Lot's of differed $$ and write downs. I mostly just trade the charts and don't worry about financials on swing trades.
As far as stop loss, I entered today at $.44 and had my stop set at $.40. I may bump up my loss to just under todays low ($.42).
Targets are moving constantly...assuming this was a 5 wave down and bottom today then I would expect a move to at least the wave 4 area ($.80 ish) regardless if the next move up unfolds as corrective (3 waves) or an impulse (5 waves0. Of course if it is an impulsive move could move a lot higher.....will wait and see how the chart unfolds before deciding how to approach an exit.
Nice wave-count. Spectacular decline. What is their financial situation? Is there any hope for their survival???
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