First Source On Wave 3 Turbo Boost? Disclosure: Invested
Been tracking First Source for some time now. Had a tentative wave count (shown in the chart). The stock seems to have completed multi-year corrective structure (marked as A-B-C)
The first hint that the correction is over came around mid-April as it went through the Rs. 40 level. This week it went through the crucial Rs. 55.35 level, further raising the odds that we are in a wave 3 formation. The rapid advance is also an indication of a possible wave 3 in it's early stages.
If this wave count is correct we may be in early stages of a multi-year advance. While this may not be the ideal place to go long (if you aren't already) I anticipate that people looking for low risk entry points should get multiple such opportunities in the coming weeks
Disc: Invested
The first hint that the correction is over came around mid-April as it went through the Rs. 40 level. This week it went through the crucial Rs. 55.35 level, further raising the odds that we are in a wave 3 formation. The rapid advance is also an indication of a possible wave 3 in it's early stages.
If this wave count is correct we may be in early stages of a multi-year advance. While this may not be the ideal place to go long (if you aren't already) I anticipate that people looking for low risk entry points should get multiple such opportunities in the coming weeks
Disc: Invested
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.