Two major buy signals occurred along with positive news for the company in the past two weeks. The Monthly and Weekly charts show a positive break to the upside, with a low-risk stop loss point. Average yearly return of a monthly dividend is 11% #StayFriendly
Any EW'ers out there, I'd appreciate your input into PSEC and the rest of the BDCS composite ETF.
There may be a C wave up termination as an Ending Diagonal completing in PSEC. Lots of overlap throughout the structure.
I'm anticipating one final motive rally pattern up, perhaps an Ending Diag as wave 5 of C.
Targeting 8.87 or as high as 9.61.
Currently, the last...