Xunlei Ltd. ADR
Long
Updated

Bullish Count

178
This stock has been moving sideways since it topped at 26.97 in November last year
it is possible to count the corrective pattern as double zigzag w-x-y
if the next move is lower degree 1 & 2 then we have a bull nest in the making
Note
no immediate bullish pattern
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snapshot
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If the above count is correct, the blue wave {c} is at its late stage
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snapshot
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snapshot
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Looks like the overall structure has met the minimum requirement of completion. Although another low to finish wave (v) of {C} is still possible.
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snapshot

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