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Peet_Serfontein

OR: wait for a pull-back and then re-enter

Long
L'OREAL (EURONEXT:OR)  
Peet_Serfontein  
EURONEXT:OR   L'OREAL
Trend Analysis Chart Patterns Wave Analysis Contains image
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trendanalysis chartpattern waveanalysis containsimage
Like the classical Elliott wave count that is unfolding.
The current impulse wave 1 might be matured and one can expect a pull-back to 332 - wave 2.
Then the bullish trend will resume up to 470.
Technical rating: medium and wait for the price action to develop further.
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