LSE:MRW MORRISON (WM) SUPERMARKETS PLC ORD 10P
I think that the bottom in December 2015 was the end of a C wave in a major A-B-C correction that started back in 2007. If that is the case then either the is going to continue or the correction can become more complex. Whichever way it takes, I think there is more upside, as this is either a corrective A wave or a wave 1. The question I can't answer is in the two alternative counts on the chart and that is if the price will continue straight up or it is due a imminent correction. My inclination is to go with the pink count.