Clear uptrend. Breakout from descending channel. On high volume. With volatility expansion preceeded by contraction. Looks good on daily and weekly timeframe.
I have no knowledge of fractals, I'm hoping @Meszaros or some other genius can work it out?
From my analysis Drax PLC may have a little further to retrace for wave 2 but it may be about to embark on some serious upside. According to this Elliott Wave count it may have completed a correction that started in 2006 and may now be resuming its upwards trend. For the more pessimistic, my completed C wave may not be deep enough and might only be the end of its...