Cavet... Full potential is near $5.10 on the weekly chart with target time frame Friday or early next week. 5/18 Call Options will be interesting
Nevertheless...
Extension 2 is underway w/ caveat: *** The day closed in the middle of Extension 2. This may cause 1 of 3 things to happen: (1) price drops at open to the 9 EMA a bounce North or (2) the price gaps up at open Wed to 4.58-4.60 slight retrace second half of day or (3) a straight rally to $4.60+ bypassing the 3rd extension. By my Calculations, prices should hit near $4.70 by Friday with Max potentional at $5.10 by Friday close or early next week (Mon-Tues).
Confidence Pick: A- Stop Loss: $4.40 RisK-Reward Ratio: 2:5 for new money or 2.5 in our favor
Happy Trading ...
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