First time posting my ideas on here. Mainly just thinking out loud. Comments and critiques gladly welcomed.
After recent completion of the handle in the Cup & Handle that formed last month, we will see some short term pullback for 3-5 days to the $32.5 - $34.25 range. This would be wave 4 of the elliott wave and the support range is reinforced by short term ichimoku cloud (not shown in charts) . Wave 5 target of about $39.75 - $41.25 in about a week.
After recent completion of the handle in the Cup & Handle that formed last month, we will see some short term pullback for 3-5 days to the $32.5 - $34.25 range. This would be wave 4 of the elliott wave and the support range is reinforced by short term ichimoku cloud (not shown in charts) . Wave 5 target of about $39.75 - $41.25 in about a week.
Comment:
Should be noted that I expect strong resistance around $40 as I mentioned. I believe from there we should see some pull back to around $30-$35 afterwards but I will reinvestigate that as we get closer.
Comment:
Looks like we're a little ahead of schedule. Lets see if the $32 support holds...if not the next support is ~$27-28
Comment:
Potential uptrend starting. Will look to reenter upon breaking $35 for the ~$41 target. 15% profit.
Comment:
$34.80 ... Almost there, keeping an eye out. The we have to break through one hour ichimoku cloud which is at $35.50.