PVG - Daily

Pretium Resources bottomed about two years earlier than many other miners. This should be wave (4) of primary 3, and technically still valid, but I'm skeptical perhaps something else is in play. The move up stopped near the 100% extension of primary 1-2, a typical A=C corrective target. However, its also a typical (3) of 3 target so I gave it the benefit of the doubt. Price has dipped below the 61.8% extension now - where wave (4) should have stopped. Going to put a hard stop at the recent low ~7.77.

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