After a steep rise which I would consider it as Wave 3, the stock is now in Wave 4 correction which would take stock to the lower levels of 985-970 where buying should come and then again a new high can be seen for Wave 5 targets.
Trade fechado: objetivo atingido:
And as predicted it made an exact low of 970/- and the stock reversed to see new highs by breaking the high made during Wave 3. It was such a nice trade idea which worked as stated. It still looks strong on the charts and may continue trading high.
Today's closing 1048.10/-
Today's closing 1048.10/-