ASX Today, page-20109

Actung All

Ive put some channel lines on a conservitive uptrend.
This negates the froth of Long and Short by traders.
Also what Ive picked up is the swings of exerberence, "greed and fear" this is easily picked up by the extended elliott wave theory.

A perfect theoretical senario is now in play.
Leg 5 is underway Im picking a bottom indicated by the end of leg 4 (at digit 4 on chart).
Leg 5 is always the biggest so at a conservitive 1.5 multiple between the price height low to high is 219-113= 106 x 1.5 = 159 cent upside on this leg
This simple maths has a target price of 113+159 = 272 yep folks, SP is going to $2.72 to be in a neutral stance !
I also suggest leg 5 is going to cross the conservitive channel lines currently registering 1.825 as the lower price and 2.049 the higher so an elliott wave completion finishes way above where I have placed the 5 ontop of the 3

Hold your nerve if you are long and own the shares !

I was late to the investment oppourtunity so my DCA is 1.57



Kindest regards to all the investors that love lion town and our fantatic team.