YGE: Textbook Elliot Wave

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.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.