ACB - Ending Diagonal for Wave C

23 ביולי 2020

About to complete, be on the look out for a bounce. Potential bottom target anywhere between $10.90 and $10.35. Trend based FIB retracement based on waves 3 and 4 suggest a target of wave 5 of $10.50.

I'm expecting to see some buying, with earnings coming early August. Longer term, this stock may recover to the $50 range.

23 ביולי 2020

הערה

If this is not a wave 1 and 2, then what is... You may call it a bull flag, it is the same thing. Wave 3 looking for potential upside, but the bottom may not yet be in...

24 ביולי 2020

הערה

This kind of triangle often presents itself as a wave 4, indicating that the end of the move is near. If we extend the 0.5 FIB, we'll bottom exactly at $10...