Ratos AB - one of my favourite chartsRatos has provided us with a golden opportunity to at least double our investment if my Elliott wave count remains correct.
After a 14 year corrective move that ended in 2020 the company value has increased impulsively - white ((1)) - and peaked in august 2021. Since then we have seen overlapping price action in what I believe is a wxy formation which recently ended in April this year. (78.6 fib retracement)
Since then price has climbed fast again which makes me believe that we start the wave 3 which potentially could stretch out to new ATHs. However, if the bearish momentum remains we could at least see the stock reach twice its current valuation.
Let´s hope for the best and keep an eye on potential pullbacks to enter long again.
P.S. If I´m not mistaken the fundamentals are also indicating a bright future for the company.
