After a nice downward consolidation there is a five wave upmove breaking the downward trendline resistence. There is a correction going on which should be a good oppurtunity to buy it (on all dips) for good returns in future.
Chart shows an impulse followed by correction which reatraced near to 78.6%. Smaller impulse move followed by a corrective move is noted. Looks like the stock is building momentum for a larger upmove buy it with a weekly closing stop of 60.
After a massive five wave upmove. A 3 wave ABC correction is noted. A wave is an impulse, B as a running traingle and C as a impulse. the correction seems to be near completion or complete. Buy on signs of reversal for longer term. Rewards could be astonishing in times to come.