Nathanael
Long

YGE: Textbook Elliot Wave

NYSE:YGE   YINGLI GREEN ENERGY HLDG CO LT
229 0 1
This is one of my favourite stocks . Im extremely bullish on solar this year and next (as long as we entire market as a whole holds up) We are currently on a bullish wave 3, but we have become extremely overbought in the short term, we also bounced off the 50% fib from the previous bullish trend . I expect a fallback to 6, then a decent wave 5 up. I don't have a clear idea of where wave 5 will end, but if we punch through the 0.618 fib, and previous residence around 7.00, I expect a very long, wave 5 upward. I eventually expect a full retracement to $9.00 this year.
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