Hi Folks,
Stock has seen a major breakout on weekly charts from falling wedge pattern. RSI has broken out to confirm the upmove. Closing above 30 WEMA also provide more indications at the change of trend for coming months.
Elliott Wave Analysis
1. Completed an ongoing impulse with a divergent 3-5 wave.
2. Correction of the impulse seems to be completed wherein RSI cooled off.
3. Outbreak in RSI, price and volume support indicates towards shift of trend.
4. Halt weekly candle or a follow up move shall confirm the upmove for mid term.
5. Larger structure remains bullish.
6. Targets of larger 5 wave are already marked with fic projections.
Disclaimer - Please trade at your own risk, just for educational purposes.
Stock has seen a major breakout on weekly charts from falling wedge pattern. RSI has broken out to confirm the upmove. Closing above 30 WEMA also provide more indications at the change of trend for coming months.
Elliott Wave Analysis
1. Completed an ongoing impulse with a divergent 3-5 wave.
2. Correction of the impulse seems to be completed wherein RSI cooled off.
3. Outbreak in RSI, price and volume support indicates towards shift of trend.
4. Halt weekly candle or a follow up move shall confirm the upmove for mid term.
5. Larger structure remains bullish.
6. Targets of larger 5 wave are already marked with fic projections.
Disclaimer - Please trade at your own risk, just for educational purposes.
Trade ativo
Undergoing fast and furious up moves :)
Aviso legal
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.