tckr STOR : Nothing to add from last weeks update, other than, as predicted last week, the target of leg C has been reached and is now retracing a leg 4. Please note, leg 4 as drawn isn.t a target, it's an abstract point on the graph to indicate that retracement will occur after reaching point C. For further analysis on this stock, drop me a line here, i'll be happy to share. As said, for the rest nothing changes from last weeks analysis update.
Trade closed: target reached:
Yesterdays spike was just shy of the 5th wave target. Prices may still attempt a move towards some tick closer, but I don't think the risk/reward justifies staying on the stock. Take the profits. The new tale for STOR is now moving back to the low of the C leg.
Trade active:
STOR is rapidly approaching it's target (bottom of leg C). The fact that it was shy of a full wave 5 (missed by a couple of cents) suggests the same may happen in this leg down. My advise is to close all shorts to anything below 33.
Trade closed: target reached:
I'm calling this trade closed. The stock has traded for 3 days close enough to the bottom of leg C and price has traded below 33 (see previous comment)