Hi all (particular to those who love TA on EWC),
I am sorry for not able to replying to EWC message for the past 1 week as my internet connection has been shaped and I am forced to read thread from my tinny mobile phone screen.
B2,
I am not familliar with bollinger band analysis, therefore, I am unable to comment on the analysis that your posted on EWC thread.
I was wrong that EWC should not filled the gap between 21.5c and 23c, it actually filled that gap on 20/1/09 as EWC touch an intraday low at 22.5c.
As for price target, i have noticed a falling wedges pattern in EWC (that is y i buy EWC as my 1st trade fter 8 months out from the market), if this pattern still valid, my target price still remain at 38c.
However, as you analyze using Elliot wave, if this is the complete wave 2 (usually retrace hard and deep), then wave 3 should be the longest and price should extend to 1.618 level (min.). I cannot justify this as I do not have any Elliot Wave analysis tool with me now.
Shamish,
TA is a huge knowledge, dont feel piss off when you get your 1st analysis wrong. I did alot of mistake as well when i 1st started on TA, and I am still learning it.
Finally to all EWC holders/traders,
I have attached a copy of my own EWC chart analysis. I am open to any comments (bad/worse), i do not mind.
Anyone that wish to add me to their trading or TA buddies, feel free to do that. My email is [email protected].
Add to My Watchlist
What is My Watchlist?
