The stock has recently formed a bottom h&S in which neckline has penetrated with decent volume. Wave analysis also suggests that the stock is bullish, please discard the wave counts. I believe we are on the 3rd-w yet not confirmed. Besides, the stock is fundamentally attractive to investors considering low P/E and increased net profits in the last qr.
17.98 is...
After seeing this strong bearish wave, it seems that we have difficulties to define the next trend of the market and also we have a lack in the volumes but anyway, we draw now this sideway range to tell that the market need to break the up of it and then we can buy, but if the market breaks the down of it then maybe we will comeback to the normal price variations.
