Swing Trade Idea.
Wave (3) projections:
Minimum - $6.60 (1.272 fib ext)
Tgt 1 - $7.57 (1.618 feb ext) - lines up to 2015 consolidation area
Tgt 2 - 10.38 (2.618 fib ext) - lines up to 2010 consolidation area
Zoom this out on the weekly to note two previous major highs. Serious upside potential depending on timeframe.
This is an easy swing. Definte possible long term hold with size for me.
Wave (3) projections:
Minimum - $6.60 (1.272 fib ext)
Tgt 1 - $7.57 (1.618 feb ext) - lines up to 2015 consolidation area
Tgt 2 - 10.38 (2.618 fib ext) - lines up to 2010 consolidation area
Zoom this out on the weekly to note two previous major highs. Serious upside potential depending on timeframe.
This is an easy swing. Definte possible long term hold with size for me.